{"id":77075,"date":"2021-02-01T00:45:09","date_gmt":"2021-02-01T05:45:09","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=77075"},"modified":"2021-02-01T00:15:52","modified_gmt":"2021-02-01T05:15:52","slug":"melvin-capital-hedge-fund-that-bet-against-gamestop-lost-more-than-50-in-january","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2021\/melvin-capital-hedge-fund-that-bet-against-gamestop-lost-more-than-50-in-january.html","title":{"rendered":"Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January"},"content":{"rendered":"\n<p>(CNBC) Hedge fund Melvin Capital Management lost 53% in January amid a <a href=\"https:\/\/www.cnbc.com\/2021\/01\/30\/gamestop-reddit-and-robinhood-a-full-recap-of-the-historic-retail-trading-mania-on-wall-street.html\">record rally<\/a> in <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=GME\">GameStop<\/a> and other stocks the fund was betting against, a source familiar with the matter told CNBC.<\/p>\n\n\n\n<p>The heavy losses come as retail investors piled into popular hedge fund short targets, including the struggling video game retailer. Shares of GameStop finished last week with a <a href=\"https:\/\/www.cnbc.com\/2021\/01\/28\/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html\">gain of 400%<\/a>, bringing its total return this year to 1,625%. The stock closed Friday\u2019s session at $325<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/01\/31\/melvin-capital-lost-more-than-50percent-after-betting-against-gamestop-wsj.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC. The heavy losses come as retail investors piled [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77075","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=77075"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77075\/revisions"}],"predecessor-version":[{"id":77076,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77075\/revisions\/77076"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=77075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=77075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=77075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}