Jain: Building a Multi-Strategy Fund Sequentially Creates Severe Infrastructure Problems
Bobby Jain · Bobby Jain – Multi-Strategy Hedge Fund First Principles at Jain Global (EP.487) · Feb 16, 2026 · at 32:20
Bobby Jain, founder of Jain Global, explains why launching a multi-strategy fund across multiple asset classes simultaneously from day one is superior to sequential scaling.
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“The whole system wants you to create sequentially. They say, Bobby, why don't you start in one area? Start a billion and a half dollar fundamental equities business or quant equities. When that works, go do the next thing. Normal. The problem is now you started that first thing. You've built everything for that. You've built your risk system for that. You've hired your lawyers for that. You've built your trading system for that. Now you want to do the next thing, which is quant or fixed income. A, you haven't done that in four years. B, you have the core satellite problem, and C, your system isn't built that way.”
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