Bobby Jain’s multistrategy hedge fund returned 3.2% in June, lifting year-to-date performance to 3.9% as the firm continued to build momentum in its second year of trading, according to a report by Bloomberg.
The June gain was driven by broad-based contributions across the firm’s investment strategies, reflecting improving market conditions during the second quarter following heightened volatility earlier in the year.
Jain Global has attracted close industry attention since its launch in 2024, when former Millennium Management co-chief investment officer Bobby Jain established one of the largest hedge fund start-ups in recent years. The firm’s multistrategy platform invests across equities, macro, commodities, credit and quantitative strategies.
The latest performance compares favourably with several large multistrategy peers, many of which also posted positive returns in June as equity markets rallied through the second quarter. Industry leaders including Millennium Management, Citadel and Schonfeld all generated gains during the month, supported by a rebound in global risk assets.
