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

Added on May 19th, 2022 by | Report Post

The firm lost billions of dollars as it scrambled to cover its bets against the video game retailer that became a darling of retail traders.



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    Bolthorn

    Good. Betting against the economy should probably be illegal so when people do it and get burned by it, fuck ’em.

    1
    jediadept

    Unfortunately, some of the investors that are paying off this idiot hedge funds mistakes are likely innocent of Melvin Capitols greed and shortsightedness.

    0
    c04x

    No, you can access reports and the fund has a legal obligation to tell you where the money is being invested. If they didn’t check, that’s on them.

    0
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