Finance
Billion-Dollar Hedge Fund Startups Rise to Pre-Pandemic Levels
- Four firms launching this year are on track to top $1 billion
- Millennium alum Bobby Jain may headline 2024 hedge fund debuts
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The biggest new hedge funds are raising more money, at levels not seen since before the pandemic, and the 2024 crop could include one of the largest startups in years.
At least four new firms are poised to eclipse $1 billion by year-end, collectively bringing in at least $6.5 billion from investors, according to people with knowledge of the fundraising activities.