Jane Street posted $15 billion in losses last month as AI-focused hedge fund Situational Awareness swooned and dragged down asset prices across equity markets, Bloomberg reported Friday, citing a person familiar with the matter.
Jane Street, which invests in Situational Awareness and directly in AI ventures, suffered a rare and severe down month in July amid volatile markets. Wrong-way bets on options tied to Chinese markets also contributed to the losses, the person said, according to the report.
The firm has generated more than $40 billion in net trading revenue so far this year, exceeding its full-year 2025 total, which set a Wall Street record, according to the person, the report said.
Jane Street did not immediately respond to a request for comment from MT Newswires.
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