Melvin Capital Lost 53% in January, Hurt by GameStop and Other Bets

[Daal]

Ouch!
https://www.wsj.com/articles/melvin...y-hurt-by-gamestop-and-other-bets-11612103117

 

[Butterfly]

looks like game over for them, now we know where all those losses went to, into Roaring Kitty etrade account

 

[guru]

“New and existing clients have signed up to invest money into Melvin on Feb. 1, according to the people familiar with the matter.”

 

[ZBZB]

“New and existing clients have signed up to invest money into Melvin on Feb. 1, according to the people familiar with the matter.”

With such a large drawdown most investors will be running a mile.

 

[jys78]

With such a large drawdown most investors will be running a mile.

I know, imagine media reporting false and misleading information? Shocking and unimaginable.

 

[Nobert]

,, - Melvin, how was your 2021 ?
- Well, it started all good & ... ''

 

[sef88]

50% drawdown is actually pretty much gameover. U need 100% returns to breakeven. Oh well. These are fund managers.

 

[They]

That's because their traders never read Lord Of The Rings.

 

[Millionaire]

50% drawdown is actually pretty much gameover. U need 100% returns to breakeven. Oh well. These are fund managers.

And even worse, as if a 50%+ drawdown wasnt bad enough, its a 50%+ drawdown in a single month!!

 

[Cuddles]

man that sux,

anyway...