Melvin Capital Lost 53% In January, Hurt By GameStop, Other Bets
January 31, 2021 at 17:26 PM EST
The hedge fund Melvin Capital, which has been at the heart of the GameStop frenzy, lost about 53% in January. Melvin ended January with more than $8 billion in assets, after starting the year with roughly $12.5 billion, according to WSJ.