Bobby Jain’s New Hedge Fund Plans Major Push Into Commodities

Bobby Jain’s new hedge fund is tapping talent from commodity trading houses and committing a chunk of the money it’s raising for a major push into raw materials — including in the physical market.

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 ...