Jain Global’s UK business more than doubled its profit last year as the hedge fund almost tripled that size of its London-based workforce, according to a report by eFinancial Careers citing data from the firm's newly filed accounts.

Jain Global (UK) Partners reported profit of £9.2m for 2025, compared with £6m in the previous accounting period. That earlier period covered 16 months from the entity’s formation in September 2023 through the end of December 2024, meaning the figures are not directly comparable on an annual basis.

The accounts show that Jain Global substantially increased its London headcount during 2025, with the number of employees rising to 89 from roughly a third of that level previously.

Average compensation per employee was about £611,000 last year, down from approximately £900,000 on an annualised basis in the previous accounting period.

The increase in staff numbers alongside lower average pay suggests the firm’s recruitment drive extended beyond the highly paid senior investment professionals who formed part of its initial team. The accounts also indicate that Jain Global seeks to maintain flexibility in its cost base.

The UK partnership had five partners during the period. Paul Jefferys resigned in September 2025, while Ashwin Kumar, James O’Callaghan and Surendran Pathmanathan remain partners. Jain Global UK Limited, which owns the LLP, was the fifth partner.

The £9.2m profit attributable to the UK partnership was largely allocated to Jain Global (UK) Ltd, which received about £7.5m. The individual partners collectively received approximately £2.4m.

Jain Global was launched by Bobby Jain in 2024 after he left Millennium Management, initially establishing itself as an independent multi-strategy hedge fund with a large team of portfolio managers and other investment professionals.

Jain Global reportedly did not immediately respond to a request for comment on the UK accounts or the changes to its business.