Another #HedgeFund getting into #Commodities
Bobby Jain's new #HedgeFund tapping talent from #Commodities trading houses in major push into physical & derivatives market. Plans to start trading gas & power in N. America & Europe, before expanding into other markets.
Firm's foray being led by former Macquarie veteran David Hochberg & ~10 portfolio managers.
Jain's hedge fund's commodities foray is another example of how big multistrategy firms are looking to replicate the success of Citadel in building out commodity-trading businesses with exposure to physical markets.
See the whole article on Bloomberg here: https://www.bloomberg.com/news/articles/2024-05-20/bobby-jain-s-new-hedge-fund-plans-major-push-into-commodities
