Gamestop Hedge Fund Losses

Melvin Capital, hedge fund targeted by Reddit board, closes out of ...

Category: GameStop

Jan 27, 2021 · Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund's manager told CNBC. CNBC could not confirm the amount of losses the firm ...

Melvin Capital, Hedge Fund That Shorted GameStop, Is Shutting …

Category: GameStop

May 18, 2022 · Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a …

Hedge fund that got wrecked by the GameStop stock surge to close

Category: GameStop

May 19, 2022 · It was such a spike, and caused such huge losses for some, that the event has been the subject of Congressional hearings (opens in new tab). Now, one of the hedge funds most impacted by GameStop's ...

Small Investors Get Revenge: Americans Get Last Laugh as Hedge Fund …

Category: GameStop

May 20, 2022 · The hedge fund that had been short-selling the stock of video game retailer GameStop for years and which saw massive losses during last year’s Reddit-based small-investor frenzy around the retailer’s shares will be liquidated, The New York Times reported Wednesday. Gabe Plotkin, the man behind Melvin Capital, wrote to his investors that he had concluded the …

GameStop short squeeze - Wikipedia

Category: GameStop

In January 2021, a short squeeze of the stock of the American video game retailer GameStop (NYSE: GME) and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose …

GME Stock Forecast: GameStop jumps higher as investors applaud hedge …

Category: GameStop

May 18, 2022 · NYSE:GME gained 9.35% during Tuesday’s trading session. GameStop Apes are cheering that Ray Dallio is amongst GameStop’s new investors. GameStop investors seem to have digested the hiring of ...

Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is ...

Category: GameStop

May 18, 2022 · Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times.

Crispin Odey Hedge Fund’s 110% Gain in Five Months Wipes Out …

Category:

Jun 08, 2022 · Crispin Odey has recouped years of losses at his hedge fund, showing other managers like Gabe Plotkin that surrender isn’t the only option under pressure. Last month, the Odey European Inc ...

Melvin Capital to shrink after GameStop losses -source | Reuters

Category: GameStop

Apr 21, 2022 · Melvin, which lost nearly $7 billion early last year by betting on stocks like GameStop would tumble, is targeting a size of between $4.5 billion-$5 billion and told investors that its maximum ...

Tiger Global drops 14% in May during the tech sell-off, pushing hedge …

Category:

Jun 02, 2022 · Chase Coleman's Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund's tough 2022 even worse. The growth-focused flagship fund at Tiger Global ...

Ray Dalio's Bridgewater dumps Tesla, bets on meme stocks AMC and GameStop

Category:

May 17, 2022 · The world’s largest hedge fund led by billionaire Ray Dalio has parted ways with its stake in Tesla and placed new bets on meme-stocks …

GameStop, AMC stocks rocket in volatile trading, reversing earlier losses

Category: GameStop

May 12, 2022 · "Meme"-stocks GameStop Corp. GME, +10.38% and AMC Entertainment Holdings Inc. AMC, +3.83% skyrocketed in volatile trading Thursday, with …

Some hedge funds face steep losses after betting on hot sectors

Category:

Jun 02, 2022 · Life sciences and biopharma hedge fund Perceptive Advisors lost 19.4% in May, leaving the fund down 41.5% for the year following on the heels of a 28% drop in 2021, according to an investor update.

GameStop reports widening loss, keeps inventories higher to …

Category: GameStop

Jun 02, 2022 · GameStop GME, -0.22% said it lost $158 million, or $2.08 a share, in the first quarter, compared with losses of $67 million, or $1.01 a share, in the year-ago quarter. Sales rose to $1.38 billion ...

Day traders relish demise of hedge fund they tormented on Reddit

Category: GameStop

May 20, 2022 · GameStop caused billions of dollars of losses for Melvin in early 2021, with a 55 per cent slump in January. ... The hedge fund lost more than …

GameStop Stock: Melvin Capital Defeated By The Apes

Category: GameStop

May 23, 2022 · Hedge fund Melvin Capital, notoriously known for betting against GameStop - Get GameStop Corporation Report stock, has announced that it is winding down its activities and returning capital to its ...

Plotkin Shuts Melvin Hedge Fund Left Reeling by Redditor Attack

Category: GameStop

May 18, 2022 · Plotkin Shuts Melvin Hedge Fund Reeling From Redditor Attack. The firm never recovered from GameStop short squeeze in 2021 ... in recent weeks as he racked up new losses and frustrated backers ...

Melvin Capital to shut after heavy losses on meme stocks, market …

Category:

May 19, 2022 · The fund lost 23% in the first four months of 2022, a person familiar with the fund’s finances said. This year’s losses come on the heels of steep losses in 2021 when Melvin Capital ended the ...

Melvin Investors Irate Over Fair-Weather Hedge Fund’s Shutdown

Category:

May 19, 2022 · “Only in hedge-fund-land does someone get paid hundreds and hundreds of millions of dollars on Jan. 1, incinerate half of clients’ capital a few weeks later, fail to recover over the next year or so, then suddenly shut the doors,” said Andrew Beer, managing member of New York-based Dynamic Beta Investments, a firm that seeks to replicate ...

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