Jane Street suffered a roughly $15bn setback in July as the sharp reversal in artificial intelligence stocks hit the trading firm’s exposure to hedge fund Situational Awareness and other technology positions, according to a report by Reuters.
The report cites unnamed people familiar with the matter and an internal note to employees as revealing that the loss marked a dramatic reversal for one of Wall Street’s most successful trading firms. Despite the July drawdown, Jane Street has generated mor...
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