2 of the biggest hedge fund victims of GameStop’s short-squeeze suffered more losses in May, r …

2 of the biggest hedge fund victims of gamestops short squeeze suffered more losses in may report says

Sumary of 2 of the biggest hedge fund victims of GameStop’s short-squeeze suffered more losses in May, report says:

  • US hedge funds Melvin Capital and Light Street Capital, two short sellers hurt by the GameStop day-trader rebellion earlier this year, saw further declines in May, the Financial Times reported on Thursday..
  • Total hedge fund losses from betting against this pack of stocks amount to $6 billion since the start of May, the FT said, citing data from Ortex Analytics..
  • Other funds with extended losses include Palo Alto-based Light Street Capital, founded by Glen Kacher, who started his career at billionaire Julian Robertson’s famous fund, Tiger Management…

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