时间:2026-10-05 15:17:24 来源:网络整理编辑:休閑
Betting against the crowd isn't always smart. Hedge fund Melvin Capital reportedly lost $4.5 billion
Betting against the crowd isn't always smart.
Hedge fund Melvin Capital reportedly lost $4.5 billion in assets value in January – a 53 percent drop – after its massive bet that GameStop's stock price will fall turned sour, the Financial Times reported Sunday. And that's after a $2.75 billion cash infusion from previous investors, who jumped in to save the fund from collapse.
For an explainer of what happened, go here, but the short version is that Melvin, as well as some other funds, bet against GameStop by shorting massive amounts of its stock (shorting means selling the stock in the hope you'll be able to rebuy cheaper later). Reddit traders that frequent the subreddit r/wallstreetbets noticed that GameStop's stock was ridiculously (perhaps unfairly) over-shorted, and they responded by buying the stock en masse, driving the price up higher, forcing shorters to buy the stock to cover their losses (this is know as a short squeeze). This, in turn, put enormous pressure on Melvin and other shorters; eventually, Melvin said it exited its short position on GameStop, likely at a massive loss.
According to FT, Melvin has since repositioned its portfolio to be a lot less risky; a source told the outlet that the company's leverage ratio is at the lowest it has been since the firm was founded in 2014.

Prior to the GameStop fiasco, Melvin was one of the best-performing hedge funds out there, with a 52 percent yearly gain.
GameStop's stock price is still sharply up compared to just weeks ago and is currently trading at about $344 in premarket trading.
SEE ALSO:Robinhood now says you can buy one GameStop share, as a treatTraders at r/wallstreetbets have since turned their attention to other assets. One of them is silver, the price of which has surged to $29, a price the precious metal hasn't seen in eight years.
Tweet may have been deleted
With #silversqueeze trending on Twitter, millions of small-timers seem ready to put their money (and, perhaps, gains from the GME trade) into silver, armed with the notion that banks have been suppressing the price of silver and pumping it is a way to hurt them. One thing is certain — funds and large investors, no matter how big, will now think twice before betting against them.
Olympian celebrates by ordering an intimidating amount of McDonald's2026-10-05 15:16
Car expert Bob Lutz thinks Tesla cars could soon become collectables2026-10-05 15:07
Elon Musk's new Tesla compensation plan is based on his performance2026-10-05 14:47
Weather and climate disasters cost U.S. a record $306 billion in 20172026-10-05 13:42
Olympian celebrates by ordering an intimidating amount of McDonald's2026-10-05 13:37
Homeowners everywhere are listing their properties for bitcoin2026-10-05 13:32
Homeowners everywhere are listing their properties for bitcoin2026-10-05 13:27
Net neutrality's latest hope: 22 state attorneys general file lawsuit against FCC2026-10-05 12:46
We asked linguists if Donald Trump speaks like that on purpose2026-10-05 12:42
Oprah asks the big question looming over Time's Up: Now what?2026-10-05 12:34
Florida hurricane forecast remains uncertain, but trends in state's favor2026-10-05 15:04
An ode to Will Smith's perfect Instagram account2026-10-05 15:02
'Genital Jousting' is a silly game about dicks with a timely message2026-10-05 14:32
Arnold Schwarzenegger shares support for 'True Lies' co2026-10-05 14:13
The five guys who climbed Australia's highest mountain, in swimwear2026-10-05 14:13
Amazon founder Jeff Bezos will donate $33 million to DACA students2026-10-05 14:04
Cape Town will run out of water on April 12, due to historic drought2026-10-05 14:03
Cryptocurrency pickup lines will make your Tinder success surge to an all2026-10-05 13:25
Did our grandparents have the best beauty advice?2026-10-05 13:09
Steve Carell met Kelly Clarkson at the Golden Globes and it's perfect2026-10-05 12:48