Buried in Reddit, the Seeds of Melvin Capital’s Crisis
- Thread starter dealmaker
- Start date
He did not make any money until he sold all his GME shares. Try to dump that amount of shares now, you have no idea at what price that will be done. It can cost him 1,000% of his 1,700%. Or even more.
If it's GME related -
the loses of funds were $70B ~. It's kinda a fart in the wind for FED to print that.
(edit : unless it's a reference from 2008 or smthn)
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This a good book?
Steve Cohen’s Point72 Raises $1.5 billion After Supporting Melvin Capital During the GameStop Saga, Report Says (Business Insider)
Steve Cohen‘s hedge fund Point72 has raised $1.5 billion after suffering heavy losses in January and providing a lifeline to Melvin Capital, as short-sellers were hit by the GameStop saga, according to a report in Bloomberg and other outlets. Point72 Asset Management, which is run by New York Mets-owner Cohen, lost around 9% in January, Bloomberg reported.
Steve Cohen‘s hedge fund Point72 has raised $1.5 billion after suffering heavy losses in January and providing a lifeline to Melvin Capital, as short-sellers were hit by the GameStop saga, according to a report in Bloomberg and other outlets. Point72 Asset Management, which is run by New York Mets-owner Cohen, lost around 9% in January, Bloomberg reported.
LOL good one
