{"id":80585,"date":"2022-01-28T00:16:08","date_gmt":"2022-01-28T05:16:08","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80585"},"modified":"2022-01-27T23:57:37","modified_gmt":"2022-01-28T04:57:37","slug":"the-hedge-fund-that-made-700-million-on-gamestop-knew-it-was-time-to-sell-after-an-elon-musk-tweet","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2022\/the-hedge-fund-that-made-700-million-on-gamestop-knew-it-was-time-to-sell-after-an-elon-musk-tweet.html","title":{"rendered":"The Hedge fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet"},"content":{"rendered":"\n<p>(CNBC) One hedge fund got the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/GME\" target=\"_blank\">GameStop<\/a> trade just about perfectly right last year \u2014 buying it under $10 and selling when the meme stock peaked. The sell signal it used? An <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk<\/a> tweet. That\u2019s how 2021?s top-performing hedge fund, <strong>Senvest Management, <\/strong>was able to notch $700 million in profit from GameStop and bring its annual return to more than 85%. The trade was the firm\u2019s single best in its 25 years in existence.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/01\/27\/the-fund-that-made-700-million-on-gamestop-knew-it-was-time-to-sell-after-an-elon-musk-tweet.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) One hedge fund got the GameStop trade just about perfectly right last year \u2014 buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That\u2019s how 2021?s top-performing hedge [&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-80585","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80585","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=80585"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80585\/revisions"}],"predecessor-version":[{"id":80586,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80585\/revisions\/80586"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}