←back to thread

518 points bwfan123 | 2 comments | | HN request time: 0.739s | source
Show context
walterbell ◴[] No.44483691[source]
https://web.archive.org/web/20250519053752/https://www.bnnbl...

> Jane Street sued Millennium, Schadewald and Spottiswood in April [2024], claiming the two traders had taken an “immensely valuable” trading strategy with them. It later emerged at a court hearing that the strategy involved India options and had generated $1 billion in 2023 profits for Jane Street.

replies(4): >>44483859 #>>44484138 #>>44484711 #>>44489577 #
1. CPLX ◴[] No.44484711[source]
As always in finance the secret ingredient is crime.

I wonder to what degree the lawsuit is what got this on the radar of the Indian authorities. Maybe they should have listened to Stringer Bell.

replies(1): >>44484838 #
2. ldjkfkdsjnv ◴[] No.44484838[source]
I know someone that made 10 million a year for a long time on wall street. They said, generally you can assume anyone making a large amount of money is a criminal. Any large deviations from the typical returns you would see in an asset class was suspicious