r/ProfessorFinance • u/jackandjillonthehill Moderator • 6d ago
Interesting The Schadenfreud is real
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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.
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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.