Hedge fund Melvin Capital takes big hit from GameStop

3 years ago

gamestop melvin capital ou7TFXnow-trending

Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53 percent in January but received commitments for fresh cash from investors in the last days of the month, a source familiar with the fund said on Sunday. Melvin ended January with more than $8 billion in assets after having started the…

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