Business
Jane Street Suffers Loss of About $15 Billion Following Troubles at Situational Awareness
Jane Street, the powerhouse Wall Street trading firm, lost about $15 billion in July partly due to the troubles at hedge fund Situational Awareness, according to people familiar with the matter.
It was the firm’s worst monthly loss ever, one of the people said. Jane Street is still enjoying its best trading year with revenues of more than $40 billion through July, the person said, but the losses are surprising for a firm known for its risk management. Losses on AI stocks exacerbated the pain.
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