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2025-08-08T18:53:21Z
Maxwell Lee is leaving Jain Global after less than a year as portfolio manager.
Lee was a rising star at Bank of America, promoted to director at age 27.
Commodities strategies have struggled in 2025, per PivotalPath data.
A rising star commodities hire at Jain Global is out after less than a year.
Former Bank of America commodities trader Maxwell Lee joined Bobby Jain’s monster hedge fund launch last November as a portfolio manager, but he recently left the firm, according to people familiar with the matter.
Lee was a rising star at Bank of America, where he was promoted to director at age 27, the youngest director in the bank’s commodities unit according to his Forbes 30 Under 30 bio from 2023. He held the title head of commodity and FX systematic strategy trading and was later promoted to managing director before leaving for Jain Global.
Lee did not respond to requests for comment. A Jain Global spokesperson declined to comment.
Jain Global launched to great fanfare in 2024 and had an up-and-down first year.
Commodities, run by former Macquarie exec David Hochberg, is one of Jain’s seven primary business units, accounting for about 13% of its capital allocation in July, Business Insider previously reported.
The hedge fund is up 2.4% in 2025 after gaining 0.2% in July. It’s not clear how Jain’s commodities unit has performed.
According to industry data provider PivotalPath, commodities has been among the worst-performing hedge fund strategies globally in 2025 and over the last 12 months.
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