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fancyfredbottoday at 1:06 AM2 repliesview on HN

Original headline is "Jane Street suffers $15bn loss in July market ructions".

HN guidelines do request use of original title and in this specific case the change of title is misleading by implying that situational awareness directly caused losses at JS.

In the text it says "the US trading firm was wrongfooted during last month’s market ructions including the meltdown at AI-focused hedge fund Situational Awareness" so while SA is mentioned the implications of a direct link to the losses is less strong.

edit: more detail in https://www.reuters.com/business/finance/jane-street-took-15... confirms some losses linked directly to SA and some losses to their own positions.


Replies

jason_stoday at 1:51 AM

>by implying that situational awareness directly caused losses at JS.

Correlation is not causation.

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