• 2 of the biggest hedge fund victims of GameStop's short-squeeze suffered more losses in May, report says

    8 days ago - By Business Insider

    Noam Galai/SOPA Images/Getty
    Melvin Capital and Light Street Capital's funds suffered further losses in May, the FT reported.
    Hedge funds lost about $6 billion since the start of May over betting against meme-stocks.
    The latest decline takes Melvin's overall losses to 44.7% so far this year.
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    US hedge funds Melvin Capital and Light Street Capital, two short sellers hurt by the GameStop day-trader rebellion earlier this year, saw further declines in May, the Financial Times reported on Thursday. New York-based Melvin...
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