Melvin Capital, Squeezed by Its Bets Against GameStop, Lost 53 Percent in January

By BY MATTHEW GOLDSTEIN AND KATE KELLY from NYT Business https://ift.tt/3pAUowP
via IFTTT Melvin Capital, Squeezed by Its Bets Against GameStop, Lost 53 Percent in January A principal reason for the hit to Melvin Capital’s monthly performance were the massive losses the firm suffered when small investors bid up the stock of GameStop. BY MATTHEW GOLDSTEIN AND KATE KELLY https://ift.tt/3pAUowP https://ift.tt/3j6sR3G New York Times Business Hedge Funds, Stocks and Bonds February 1, 2021 at 07:05AM