Jain Hedge Fund Costs Cut Into $750 Million Profits in 2025

Running a multistrategy hedge fund is expensive. Building one from scratch is even more so.

Bobby Jain’s hedge fund, the latest entrant into the booming market, made hundreds of millions of dollars in profits last year but most of it went to paying for the investment firm’s front-loaded expenses as the industry veteran gradually deployed $5.3 billion he raised in 2024.