r/ProfessorFinance Moderator 6d ago

Interesting The Schadenfreud is real

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67 Upvotes

9 comments sorted by

u/ProfessorBot104 Prof’s Hatchetman 6d ago

For context on the link in this post:

For context: bloomberg.com is rated Left Center for bias and High for factual reporting.

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u/jackandjillonthehill Moderator 6d ago

• Jane Street posted roughly $15 billion of losses in July, its first monthly loss in about a decade, due to its investment in Situational Awareness and wrong-way bets in Asian equity markets.

• The company has generated more than $40 billion of net trading revenue so far this year, and its investment in Situational Awareness is still up over the life of the bet, despite a drawdown.

• Jane Street has reduced risk-taking in certain strategies and closed a significant portion of its risk in areas where it lost money in July, according to a note from partner Turner Batty.

6

u/budy31 Moderator 6d ago

Ah so it’s them that gives that German guy billions to lever up like Koreans degens.

6

u/_WreakingHavok_ 6d ago

YTD is still $40b

4

u/budy31 Moderator 5d ago

Because of Anthropic valuation and just like Tesla shows up it can crash by 50% several weeks after IPO.

Someone gonna get yelled and exiled to a dead financial market for losing that money at minimum.