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> GME's float. When these strategies blow up in their faces, it wipes them out completely, to the level of requiring bailouts. Not a single hedge fund has gone
by dcolkitt 6y ago
> GME's float. When these strategies blow up in their faces, it wipes them out completely, to the level of requiring bailouts.
Not a single hedge fund has gone bankrupt from GME, much less gotten a bailout. I can virtually guarantee you that none will. Melvin was down 53%, but still has more assets than they did in the beginning of 2020. They got an external investment from another hedge fund, but that's hardly going bankrupt, and certainly not a bailout.
Besides Melvin, not a single other major hedge fund lost more than 20% on Gamestop, let alone went bankrupt.
- piva00 6y agoAs far as I know this information isn't public and is based on speculation, no? If not, care to provide some sources and/or data that aren't based on the funds' PR department?