Tim Reynolds net worth: Tim Reynolds is an American musician and multi-instrumentalist who has a net worth of $10 million dollars. Recently a new royal descendent has emerged - Sam Bankman-Fried, the ex-Jane Street celebrity crypto trader who rose to fame by exploiting the Kimchi Premium - the huge spread between crypto prices in Korea & the US - to become a self-made billionaire before age 30. Reynolds would spend the next three months in the hospital. Why? Not only were they providing a valuable service to State Street & ETF holders by doing this, they were getting incredibly rich in the process. To survive & grow while constrained by its programming language, Jane Streets lead developer Ron Minsky went on a public recruiting campaign to elevate OCamls status and convince aspiring employees to adopt it. All we discovered is that Jane Street was co-founded by Tim Reynolds and two friends Michael Jenkins and Robert Granieri. Tim Reynoldsthrough his music have also done some charity work. Elite developers began signing on to work with Jane Street and exploit arbitrage through code. This is why they were always migrating from one place to another. Opinions expressed by Forbes Contributors are their own. Immediately recognizing the opportunity, Reynolds took a leave of absence from Jane Street, and approached Waichulis with his vision of an educational effort on a global scale. He even launched a Jane Street sponsored podcast to spread awareness & highlight some of the firms projects. In a wheelchair since his tragic car accident, Reynolds still commuted to New York for work every day before retiring in 2012 to focus on philanthropy & honing his skills. [17], In July 2020, S&P Global Ratings affirmed Jane Street on capital growth. Adding an extra alley-oop to the magnitude of the challenge: Theres only one of these factors that can be controlled. 1499 downloads Now, many certainly, dozens of trading firms have satisfied these criteria to a wide spectrum of success. Impacts From The Next Big Option Trade, Alphacution Press: CNBC on Record Option Trading Activity, Thomson Reuters publishes Quantifying the Transformation, Robinhoods Trailing Stop Orders: Extreme Profitability, By Design, Deconstructing Citadel Securities: Overview and Expanded Executive Summary Available for Download, Poof! Most HFT firms use code that optimizes for speed, leading them to efficient, bare bones languages like C, C++ and Java. I already receive Alphacution newsletters. Waichulis Trompe LOeil revolution began with curiosity, and the discovery of a void in art education. The Ani Art Academy Waichulis sits atop a steep hill in Bear Creek Village, Pennsylvania. MBA from Cornell and BA from Claremont McKenna College. And this curriculum needs to be out there.. For now, the point is to remain focused on the objectives the DNA of a successful scaling strategy under conditions of finite alpha capacity and WTA competitive dynamics: The inventory of suitable products. As Jane Streets OCaml gospel tour continued over many years, the firms toughest challenge slowly became its greatest asset. He has also taken the initiative in learning instruments that is not very common in western music, such as sitar, sarod, etc. The following is the Opening to that report with Table of Contents, including download of the full Executive Summary. To survive & grow while constrained by its programming language, Jane Streets lead developer, went on a public recruiting campaign to elevate OCamls status and convince aspiring employees to adopt it. What now for Wall Streets least-known trading tycoons? $83 billion in May volume nearly doubles Aprils previous record, as DeFi interest compounds further & Uniswap v3 celebrates launch. . Mostly this continuous arbitrage doesnt actually require the ETF itself to buy or sell anything and keeps it trading in line with its index. After only a couple years in their life as a firm, Jane Street decided to cultivate edge through the programming language OCaml, a small, niche, mostly academic language not widely used in the trading community. Jane Streets primary language acted as a natural filter for its best developers. [14] It adopted OCaml as its main programming language early on because the language's functional programming style and clear expressiveness made it possible for code reviews to be performed by traders who were not programmers, to verify that high-performance code would do what it was intended to do. Being born on 15 December 1957, Tim Reynolds is 65 years old as of todays date 1st March 2023. The latter has been built solely for disabled veterans. That created a real groundswell of institutional adoption for fixed income ETFs.. We also know he motivated a lot of people throughout his life. Fast forward two decades, and Jane Street is a global trading behemoth. Moreover, the results suggest that fixed income ETF prices continued to provide a real-time view of the value of the underlying bonds during the crisis, BoC said. Will outside funding come into play? Mr. Reynolds modest bio includes that he was a member of the New York Stock Exchange and the American Stock Exchange as a specialist and derivatives floor trader. The early results began to spark interest. The driver of a car service spotted Reynolds sometime after 11 p.m. and offered to take him home to New Jersey. Virtus stock dropped 5-10% during Genslers speech, indicating a spike in anxiety about the SECs stance against it and the industry more broadly. Well, if youre ready, lets start. And his works are doing the same for common people and fans like us. How Dave Matthews Earned His $300 Million Fortune. While the mythology may have somehow been muted or well-managed as the firm battled to deliver success after success all the while navigating everything that has happened over the first decades of the 21st century this project has proven to deliver Alphacutions most substantial case study to date; in size, by at least a factor of two. ForUsAll Inc, a small 401K provider with ~1.7 billion in retirement assets, announced theyve partnered with Coinbase to offer crytpo investment options to their clients. This site requires JavaScript to run correctly. He is also the one who befriended and motivated Dave Mathews, who was then a young bartender at Millers, so that he could form his own band. In 2010, The Waichulis Studio merged with The Ani Art Academies project to create a new entity The Ani Art Academy Waichulis. Reynolds stepped aside in September from the multibillion-dollar-a-day arbitrage operation he co-founded in 2000. Anything in here will be replaced on browsers that support the canvas element. I am also long Bitcoin, Ethereum and Uniswaps UNI governance token. Jane Street, at least to this author, is like the latter and we purposely chose not to ask around as part of the preparation for this case study. In 2020, Jane Street Europe generated revenues of $1.6bn according to the new accounts, on which it earned profits of $979m. The move into ETFs was also coincidental, rather than grand strategy. ForUsAll Inc, a small 401K provider with ~1.7 billion in retirement assets, announced theyve. This wasnt an ETF liquidity story, says Matt Berger, head of bond trading at Jane Street. So, I began looking for the connective tissue inherent to all of these different programs. He also co-founded the non-profit Reynolds Family Spine Laboratory. If you like this newsletter and want to follow the exchange industry with me, please hit the Subscribe button below & be sure to share with friends & colleagues: A tragic accident changed Tim Reynolds life forever one cold New York night on December 14, 2000. It has been estimated by authoritative sources that the overall size of his wealth is as much as $10 million, as of the data presented at the end of 2016. When you walk into any Ani atelier, you will find students working on a variety of projects, ranging from intricately detailed drawings, to simple visual exercises. Access to this report is available to Premium Subscribers. Our basic service, standing ready to buy and sell ETFs, options and bonds, is even more critical in times of stress, says Josh Kulkin, one of its top traders. He also co-founded the non-profit Reynolds Family Spine Laboratory. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Exhibit 2, below, is an illustration of the specific entities that make up the organizational constellation within which such success has been forged over the ensuing 20+ years. Despite its moniker as a fringe coding language OCaml became Jane Streets primary tool to build its trading systems & infrastructure. In fact, investor interest has been whetted by how fixed income ETFs kept trading even as corners of the bond market gummed up, with inflows hitting a record in 2020. Why? [2021-02-05]. He argues that its wrong, what theyre doing, getting rich off of Susquehanna ideas. But Tim did not want to be far away from his daughter and devoid of parenting her. Then he went into a relationship with Diane Thomas, who also had her own son named Justin Bilyeu. . The rating agency noted that Jane Street is a "highly profitable trading business," that "the company has generated very strong earnings so far in 2020 and that its trading has benefited from the market volatility related to the COVID-19 pandemic. Nonetheless, the events of 2020 highlight just how big and influential the growing bond ETF universe is, and how vitally important firms like Jane Street are to their functioning. Based on countless requests from educators, the techniques developed by Waichulis have been synthesized into a K-12 curriculum. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Deep Dive: European ETP Spread Analysis For Systematic Internalisers, Guest Post: More on Year-End SPX Option Impacts, Guest Post: Santa or Grinch? It is no longer enough to passively tread for a tide of benevolent volatility to lift your brand of boat unless you are content to remain in your basement where the clock is accurate at least twice per day. Think Ken Griffin, Jim Simons, or Cliff Asness in the contemporary cases where the founder has become synonymous with the brand. Any discussion about future results or projections may not pan out as expected. He took the initiative to underline the human rightsviolation allegedly committed against Tibet by China by releasing an album called Songs for Tibet in 2008. McKinsey & Company. Ani, a play on the Swahili word Andjani, means the path ahead apropos indeed. There are other successful players to watch and fascinating stories about them to tell. Their shares trade like stocks on an exchange, but shares are also separately constantly created or redeemed to handle inflows and outflows and ensure that they track their index. Though Alphacution has provided glimpses of a much broader roster of players on its Feed, we will get to deeper dives on them over time. A deep shared knowledge of the unique language made for easier error-catching, higher productivity, and better employee retention. The reason Jane Street has been able to seize such a big role in bond ETF trading is that it straddles the approach of high-speed, algorithm-powered trading firms like Virtu or Jump Trading and the human bond traders that still dominate Wall Street trading desks. analyse how our Sites are used. As the ETF market grew in size & variety, arbitrage opportunities between them all grew exponentially. After reading The Agony And The Ecstasy and The Lust for Life, both by Irving Stone, the notion that Michelangelo and Van Gogh were more hard working achievers than born geniuses was a revelation, sparking the desire to become an artist himself. When I was young, I took a range of music classes piano, percussion, guitar. Tim Reynolds retired from Jane Street in 2012 and . In 1995, Diane gave birth to Tims daughter, Eura. $83 billion in May volume nearly doubles Aprils previous record, as DeFi interest compounds further & Uniswap v3 celebrates launch. For example, Jane Street, which is privately held, has increased its shareholder's equity, or net worth, to more than $1 billion today from $228 million in 2007. Jane Street is purely private capital, has no outside shareholders, and compensation is completely geared to performance. It is lead market-maker on 506 ETFs. To understand Jane Streets strategy, we need to go back to a 2004 theory posited by YCombinator founder Paul Graham called the, In the early 2000s Python was not the ubiquitous coding language it is today, as mainstream computer scientists were focused on Java. How much is the net worth of Tim Reynolds? Then it moved to mid & small cap stocks. [1][8][10] According to Delaware state records, Jane Street Capital, LLC was incorporated in August of 1999. Being one of the children of his Christian parents, he grew up hearing Christian music, which was also the reason behind his passion for music. These issues go to the heart of how ETFs function. This report does not benefit from, nor include, any material non-public information (MNPI). Why is it free? In addition to volatility, these include inventory, liquidity, information asymmetry, and processing. [9], Jane Street's website says the firm was founded in 2000. Net Worth in 2022. The most prominently distinguishing factor among them like the achievement of karates grand master black belt level is scale; a factor that has paradoxically established a fault line between those who navigate to scale and those who do not. Inc. Rehs Galleries, Inc. is committed to providing digital services, including its websites, that are available to the widest possible audience and in accordance with accessibility standards, and is engaged in continued efforts to ensure that this website is accessible to those with special needs, including those with visual, hearing, cognitive and motor impairments. It was liquidity drying up in the underlying fixed income markets.. Also, he first started learning instruments to sing in his familys local church. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Tim Reynolds, co-founder of Jane Street Capital, a firm of 400 that says it engages in $8 billion worth of trades on its busiest days, found himself on a journey of his own. While almost every trading desk enjoyed a trading bonanza in 2020, Jane Streets first-half revenues were equivalent to one-seventh of the combined fixed income, commodities and currency trading revenues of all the worlds biggest banks over the same period, according to research group Coalition. Though some mythologies as if fossilized in amber have been suspended in time due acquisitions, those that remain can be roughly bifurcated between those where the founders contributed, wittingly or unwittingly, to the mythology and those who did not. And most firms fail. Some critics even say the US central banks decision to start buying corporate bonds for the first time including through ETF purchases was akin to a bailout for the industry. The firm traded more than $9 trillion of securities in 2020, including 10% of the entire US ETF market and nearly 5% of the US equity market. Welcome to another issue ofFront Month, a newsletter covering the biggest stories in exchanges & market structure every Friday. Ive had offers from people who found out what we are doing and would like to contribute, says Reynolds. They were still in their infancy when Jane Street was founded, but similarities to ADRs meant that moving early into ETFs represented only a modest leap. I still walk in every day thinking that were still struggling to survive, he admits. Sign up for our newsletter and stay up to date on all Alphacution research Jane Streets primary language acted as a natural filter for its best developers. We have estimated Tim Reynolds's net worth , money, salary, income, and assets. State Streets S&P 500 ETF - the first of its kind listed in the US - gave investors convenient, liquid access to the worlds most popular benchmark at an affordable cost, with arbitrage as the products backbone. Waichulis declares, One thing that keeps information from where its supposed to be is cost. Tim Reynolds married Linna, and they were blessed with a baby boy, Josef, in 1982. As a child, he loved playing air guitar to the Beatles music, some of whose albums were owned by his older sister. You could see the results when markets took a deep dive in March of last year.. The firms trading volume in exchange traded funds in 2020, Its equity trading volume in 2020. Tim Reynolds through his music have also done some charity work. In a wheelchair since his tragic car accident, Reynolds still commuted to New York for work every day before retiring in 2012 to focus on philanthropy & honing his skills as a talented artist. It seemed that the fundamentals of each class were governed by the aesthetic preferences, and personal experiences of the teacher. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas. We use Like a stem cell, processing a maniacal sensitivity to detail is the source of all responses; and thus in this game all competitive advantages. If you like this newsletter and want to follow the exchange industry with me, please hit the Subscribe button below & be sure to share with friends & colleagues: , he would later recount in an interview - I had two great doctors looking after me.. Tim Reynolds was born on a military base in. Reynolds sharpened his trading skills & understanding of ETFs in the presence of arbitrage royalty. Fast forward two decades, and Jane Street is a global trading behemoth. Some sceptics argue that only the Federal Reserves extraordinary stimulus prevented a disaster for fixed income ETFs, and remain convinced that they could still prove fragile. Not much is known about the origins of Jane Street officially or unofficially among the mythologies that tend to travel the backchannels of trading lore other than occasional media reports about its prowess as one of the largest ETF market makers. The firm traded more than $9 trillion of securities in 2020, including 10% of the entire US ETF market and nearly 5% of the US equity market. And then, try to conjure up the founders of Susquehanna International Group (SIG). Jane Streets trading systems helped keep these complex instruments from unraveling & made a fortune when calm returned, minting, I like to think of Jane Streets expertise in arbitrage as a kind of royal treasure, begrudgingly passed down from Jeff Yass and Susquehanna to Jane Streets founders. [12] During the COVID-19 pandemic, the firm saw its revenue jump 54% to a record of $10.6 billion during the year ended in March 2021. Afterwards, he realised that the most welcoming home for him to branch out musically is the college town. Our success will be measured by how much great art was created, and by how many people this program has touched.. They made more money in the first half of 2020 than rival Citadel Securities made all year. Prospective students can apply online, and are accepted based on both artistic merit and regional eligibility. They made more money in the first half of 2020 than rival Citadel Securities made all year. Then volatility futures. Tim Reynolds, co-founder of Jane Street Capital, a firm of 400 that says it engages in $8 billion worth of trades on its busiest days, found himself on a journey of his own. Gerko believes the current model is broken, saying that while headline commissions are $0 the hidden costs of wider bid/ask spreads offset this and more. In four years, there will be between 200-250 full-time students. Then gold. (Podcast). Exhibit 1, below, kicks us off with a ranked list of these firms by founding year. Though he has a lot of talents in the field of music, he is mainly interested in instrumental rock music. And the market was indeed evolving. Jane Streets trading capital is about $15bn, a size closer to that of a Wall Street banks trading desk, and unlike many classic high-frequency trading firms it will hang on to positions for hours, even days or sometimes weeks, which is essential for ETFs that track less-traded markets. Inflows accelerated to more than $240bn last year, nearly twice the inflows of all other bond funds, according to data provider EPFR. In his place Jane Street continues on as a dominant member of the Arbitrage Royal Family, protecting its treasured knowledge & using it to make its owners wealthy & global markets more efficient. Keep up-to-date with the Ani Art Academy on their official news page. Most firms enter with expertise in a particular part of the market. In ten years, the Academies will have at least that number of students, but will also have 500-700 graduates. Jane Street Capital, typically referred to as Jane Street, is a global proprietary trading firm, with around 750 employees. Reynolds was nominated twice for the Grammy Awards. A paraplegic because of a car accident in 2000, Reynolds also co-founded the non-profit Reynolds Family Spine Laboratory in 2006. Jane Street is especially dominant in the niche but rapidly growing world of bond ETFs. The ever-raging US equity market structure debate erupted once again this week as a few notable headlines hit the tape. In 1991, he met Dave Matthews. Building trading systems is on some levels terrifying, Mr Minsky admits. Jane Street was founded in August 31, 1999, despite the website claiming the firm was founded in 2000. The multi-talented musician has never failed to win hearts. We welcome all corrections and feedback using the button below. More information on Tim Reynolds can be found here. Two years later, realizing the scope of what they were creating, Reynolds leave became permanent there was much to be done. According to regulatory filings, Mr. Jenkins and Mr. Granieri are still affiliated with the firm as operating committee members. As the wielding of technology and the absence of regulatory impediments to buffer its impact on market macrostructure promotes winner-take-all (WTA) competitive dynamics in the ecosystem, market makers either battle in the Octagon for each increment of scale or risk existential threats. Tim and Kristin Nienkirchen married each other on August 1st, 2017. Upon graduating, Waichulis returned to Pennsylvania and opened The Waichulis Studio. Jane Street Capital, LLC | 56 followers on LinkedIn. He even launched a. to spread awareness & highlight some of the firms projects. Tim Reynolds is the lead guitarist and a solo artist of the Dave Mathews Band. The more I read about how poorly we have been treating our veterans, the more I felt a need to help. He loves playing different instruments such as sitars, drums, guitars, keyboards and more like them. Jane Street made a move into trading directly with investment groups in 2014 territory historically dominated by big banks. They provide an essential service to the marketplace, Mr Schwab says. To begin with, Tim was raised in an extremely conservative and religious family. Moreover, it is exceedingly if not, impossibly difficult to predict (over any time frame) with consistency. Fast forward two decades, and Jane Street is a global trading behemoth. . It started with ETFs of large cap stocks. Its like the highest-octane fuel in the engine of every proprietary trading and market making firm and it is very difficult to capture, harvest or extract from an incessantly violent onslaught of data. He added influences like Nine Inch Nails, Bob Marley and Marilyn Manson after forming Tim Reynolds Three, popularly also known as TR3. Equity ETFs are often supported by a plethora of market-makers and APs, but bond ETFs are more specialised, with a narrower club dominating activity. And he had just co-founded a high frequency trading firm called Jane Street Capital. Questions & feedback can be sent via email or. They not only made new volume records last month - they smashed them. Because we bought all that extra protection we didnt have to worry about the extreme moves, and were prepared to provide liquidity in an outsized way.. at a recent investor conference on the same subject, where he talked about market concentration among wholesalers & how the NBBO isnt a competitive benchmark for equity prices. Graham argued that programmers who knew Python in 2004 were better than those who knew Java because they cared enough to learn an unpopular language. I cover the business of the new art world. In reality, it proved extremely difficult in the early years because there were so few OCaml developers able to work at the firm. Point in case when the Ani Art Academy opens in Sri Lanka, Timothy Jahn will be taking the reins, and an Anguillan graduate will be taking over the Ani Anguilla. Their market-making prowess was put to the test during 2020s COVID chaos as liquidity vanished & many feared that ETFs - particularly in fixed income - would collapse & cause a bigger meltdown. Sometimes, his fans have also noticed him playing ethnic percussive instruments. Minsky, at top universities around the country & pushed schools to add OCaml to their curriculum. Classes that mentioned arbitrage - making risk-less profits by solving market mispricings - fascinated Reynolds the most, and drove him to find a job where he could study & exploit arbitrage opportunities in real time. Category: Richest Athletes Baseball Players Net Worth: $50 Million Date of Birth: Jul 14, 1975 (47 years old) Place of Birth: Columbus Gender: Male Height: 6 ft (1.85 m) Profession: That extra confidence paid off handsomely when markets were thrown into a tailspin last March, and bond ETFs emerged as a major faultline. It is now expanding its business in Asia and planning to push more aggressively into equity market options. One thing that really impressed me was how fast and smooth the interview process was. [5] Both Sam Bankman-Fried[6] and Caroline Ellison[7] were once employed by the company. Classes that mentioned arbitrage - making risk-less profits by solving market mispricings - fascinated Reynolds the most, and drove him to find a job where he could study & exploit arbitrage opportunities in real time. Do your own research & speak to a licensed professional before making any investment decisions. Tim Reynolds [5]2000 [3]OCamlFPGA [6] [] ^. and may not be reproduced in any manner or from without the express written permission of Rehs Galleries. But as he turned a signature into a brand he quickly realized that it. The Ani Art Academies are fully funded by Ani Villas and The Tim Reynolds Foundation. And he had just co-founded a high frequency trading firm called Jane Street Capital. We started getting emails from universities saying, Is there any way you can make a 16-week adaptation of drawing 1, or drawing 2, or a painting program? These iterations have been very successful.. The academies boast two studios, a fifteen easel dark studio, computer lab, storage lab and dining facilities. These results suggest that market liquidity conditions were resilient in the fixed income ETF market throughout the crisis. Exhibit 1: Origins of Top Global Proprietary Trading and Market Making Firms, by Founding Year. 2023 Celebrity Net Worth / All Rights Reserved. Word of mouth is the #1 way others find this newsletter - If you liked this weeks content, please consider sharing with friends & colleagues. OCaml is similar to these languages in speed but has key syntactical differences that keep it from a firms first language of choice. The only aspect of these objectives that can be controlled in service of growth is ones response to them. In 2010, he was nominated as the featured artist for Big Whiskey and the GrooGrux King under the Album of the year awards. Many market-makers are very technology-driven, but Jane Street is a trader-driven firm. Questions & feedback can be sent via email orTwitter. Among the global roster of proprietary trading and non-bank market making firms, Alphacution has identified twelve that epitomize the successful navigation of the contemporary gauntlet required to achieve scale. The liquidity spectrum of those suitable products. Legendary Ronin Capital Disappears (UPDATED), Shape Shifter: US Retail Investor Behavior, Virtus Option Market Making: The Record Year That Wasnt, Alphacution Press: NYT on Sam Bankman-Fried and Jane Street, About Virtus Record Year in Options Market Making. He also co-founded the non-profit Reynolds Family Spine Laboratory. On the last day Tim Reynolds could walk, he stood outside a chic Manhattan restaurant, hailing a cab. In contrast, the net asset value of fixed income ETFs with less liquid holdings provided only a lagged indication of their true value due to poor bond trading activity.. They became friends and toured as a duo in the late 90s, performing each other's work in popular acoustic sets. "The thing that made me want to stop everything I was doing, was this," says Tim Reynolds, co-founder and still major shareholder of Jane Street Capital, a New York-based global proprietary trading firm and one of the world's largest market . They were corrected on February 15, The fast-growing market-maker helped keep bond ETFs liquid during turmoil last year, Receive free Exchange traded funds updates, Jane Street: the top Wall Street firm no ones heard of, JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits, UK salad shortages not down to Brexit, says Spain, Bundesbank warns losses from bond purchases will wipe out buffers, A big splash: Ron DeSantis gears up for expected 2024 run against Trump, Chinese factory activity expands at fastest pace in more than a decade, Londons most expensive house sale lined up after Saudi loan expires, Wall Street titans confront ESG backlash as new financial risk, Revoluts auditor warns 2021 revenues may be materially misstated, Goldman Sachs raises prospect of selling parts of consumer business, Law firms warn of tougher fee negotiations and payment delays, Live news: US manufacturing sector contracts for fourth straight month, Live news updates from February 28: Tesla to build Mexico factory, Goldman explores sale of fintech business, Generative AI is sowing the seeds of doubt in serious science, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Holy smoke: the mystical power of palo santo, Metaverse creator Neal Stephenson on the future of virtual reality, Anaximander Carlo Rovelli on the birth of critical thinking, some of Wall Streets most pedigreed businesses, risks of improbable but catastrophic crashes, sceptic of the new breed of higher-speed, modern market-makers.

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tim reynolds jane street net worth

tim reynolds jane street net worth