Jain Global generated approximately $1.8 billion in gross trading profits over its first two years of operation. However, external investors received net returns of only 0.5% in 2024 and 3.7% in 2025, due to front-loaded operational costs and fees. The fund launched on July 1, 2024 with $5.3 billion in capital from investors including the Abu Dhabi Investment Authority and Singapore’s GIC, making it the largest hedge fund debut since 2018. In April 2026, Jain Global announced it would return all outside capital and operate exclusively for Millennium Management while maintaining operational independence. Despite shedding external investors, the firm expanded to approximately 400 employees and 50 trading teams by mid-2026.
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