HedgeCo.Net — Jane Street took a roughly $15 billion hit in July, its first negative month of trading revenue since 2016, after an AI-stock reversal ran through both the firm’s own technology book and its stake in Situational Awareness, the hedge fund run by former OpenAI researcher Leopold Aschenbrenner. Reuters, citing two people familiar with the matter and an internal note, said the drawdown left year-to-date trading revenue still above $40 billion, more than the $39.6 billion Jane Street ge...
Continue Reading
Sign up for FREE to read the full article and access 158K+ alternative investment headlines.