Bobby Jain's New Hedge Fund Plans Major Push Into Commodities [Yahoo! Finance]
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SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
Most Read from Bloomberg Iran State TV Says ‘No Sign of Life' at Helicopter Crash Site Speedier Wall Street Trades Are Putting Global Finance On Edge Saudi Crown Prince Postpones Japan Trip Over King's Health Ebrahim Raisi, Iranian President Confronting West, Dies at 63 China's Housing Rescue Too Small to End Crisis, Analysts Say Jain Global will allocate to commodities 15% to 20% of the roughly $5 billion it's aiming to raise, according to a person familiar with the matter, who asked not to be identified because the details are private. The fund — due to launch in July — will trade commodities derivatives before moving into physical transactions. Jain Global is on track to be one of the biggest hedge fund launches in years, and its push into energy and metals is the latest example of how investors are piling back into raw materials. A gauge of prices has rallied to the highest in a year, driven by supply disruptions, geopolitical tensions and a bid to hedge against hig
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