Snapzu Business: Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January

Tuesday, 2 February 2021

Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January

Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January

Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC.
Read more: https://www.cnbc.com/2021/01/31/melvin-capital-lost-more-than-50percent-after-betting-against-gamestop-wsj.html?source=Snapzu

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