Maxwell Lee, a high-profile commodities hire at Jain Global, has left the firm less than 12 months after joining from Bank of America, according to a report by Business Insider citing unnamed people familiar with the matter.
Lee joined Bobby Jain’s multi-strategy hedge fund in November 2024 as a portfolio manager within the commodities unit, led by former Macquarie executive David Hochberg. The division is one of seven core business lines at Jain Global, representing around 13% of the firm’s capital allocation as of July.
A rising star at Bank of America, Lee was promoted to director at 27 – the youngest in the bank’s commodities unit – and later became managing director before making the move to Jain.
Jain Global, which launched in 2024, has returned 2.4% year-to-date after gaining 0.2% in July. Industry data from PivotalPath show commodities trading has been among the weakest-performing hedge fund strategies globally in 2025.
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