They're still up $25B for the year, so it's hard to feel bad for them :-)
On a more serious note, Jane Street has hired some very impressive technical talent. I'd work for them, myself, if I didn't have to relocate to Chicago.
Jane Street suffers $15B hit after meltdown at Situational Awareness
11–20 of 134 posts
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#12It's all so sketchy. Jane Street were investors in SA but presumably were much more sophisticated and savvy than Leopold. When SA got in trouble, 3 firms got into a bid war for the assets at fire sale prices: Citadel, Jane Street and a third I forgot. Citadel outbid the other 2, but it's all weird, like Jane Street wanted in on the popular boy's book that they knew was going to tank and just were waiting around in the water like sharks.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#13[flagged]
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#14The bigger hit will be all their star quants going full solo (supervised with Claude).
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#15[flagged]
Explain
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#16Archive link ( https://archive.is/20260814213548/https://www.ft.com/content... ) Pretty short so I imagine more details and analysis are forthcoming.
https://youtu.be/rE75WvOtcu8 This video from Patrick boyle has a lot of detail.
Always been a bit wary of Patrick. He reminds me of those people who in the 1990s/2000s would have become professional talking head guests on CNN. The older ex-academic/ex-industry guys who knew how to spin popular news stories into sound bites for the general public, while offering a veneer of authority. I'd rather get analysis from people who don't chase pop news stories for a living.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#17It's all so sketchy. Jane Street were investors in SA but presumably were much more sophisticated and savvy than Leopold. When SA got in trouble, 3 firms got into a bid war for the assets at fire sale prices: Citadel, Jane Street and a third I forgot. Citadel outbid the other 2, but it's all weird, like Jane Street wanted in on the popular boy's book that they knew was going to tank and just were waiting around in th…
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Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#18Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#19It's all so sketchy. Jane Street were investors in SA but presumably were much more sophisticated and savvy than Leopold. When SA got in trouble, 3 firms got into a bid war for the assets at fire sale prices: Citadel, Jane Street and a third I forgot. Citadel outbid the other 2, but it's all weird, like Jane Street wanted in on the popular boy's book that they knew was going to tank and just were waiting around in th…
Nothing about any of that is sketchy. It’s in their mutual interest to avoid a fire sale.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#20It's all so sketchy. Jane Street were investors in SA but presumably were much more sophisticated and savvy than Leopold. When SA got in trouble, 3 firms got into a bid war for the assets at fire sale prices: Citadel, Jane Street and a third I forgot. Citadel outbid the other 2, but it's all weird, like Jane Street wanted in on the popular boy's book that they knew was going to tank and just were waiting around in th…
> like Jane Street wanted in on the popular boy's book that they knew was going to tank
This is completely illogical. If they knew it was going to tank, they wouldn’t invest.
As conspiracy theories go, this one doesn’t even have a leg to stand on.