Quartz·2 min read·medium
Jane Street posted its first monthly loss in a decade after an AI hedge fund it backed imploded
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Trading firm Jane Street experienced its first monthly loss since 2016 following the collapse of an AI-focused hedge fund it had backed. The fund, led by Leopold Aschenbrenner, liquidated most of its assets in a distressed sale.
The trading firm's first negative month since 2016 came as Leopold Aschenbrenner's fund shed most of its assets in a distressed sale
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