“A hedge fund billionaire and his art groupie wife are pumping millions into socialist think tanks positioned to help New York City Mayor Zohran Mamdani achieve his Democratic Socialists of America-backed “worker’s paradise.””
Hoping that they will be eaten last.....................
economictimes.com-—Bobby Jain, born of Indian parentage, a Wall Street veteran, launched Jain Global in July 2024 with $5.3 billion, marking a significant hedge fund debut. Despite high expectations and Jain’s impressive background, the fund’s initial performance has lagged behind industry giants Millennium and Citadel, with Jain’s returns of just 2.7% in the first year.