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

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.

    jediadept

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

    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.

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