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That is false. $16.8B is greater than Melvin's AUM at the start of the year. The person in that video doesn't substantiate their claim either. As a more genera

That is false. $16.8B is greater than Melvin's AUM at the start of the year. The person in that video doesn't substantiate their claim either. As a more general aside: take everything said on Cramer's show with a grain of salt. He is a deeply unserious character in the financial space. His angle is to be provocative, not accurate.

toomuchtodo 6y ago
Do you have a citation you can offer up with more solid loss numbers? It looks like Melvin alone has lost at least $4.5 billion dollars on the GME short trade, and Citadel/Point72 provided ~$2.75 billion in capital to Melvin. https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW https://www.reuters.com/article/us-retail-trading-melvin/mel...
- fractionalhare 6y ago
  That is the citation. The person in that clip is speculating about Melvin's losses in particular.
  - deleted 6y ago
    [deleted]
  - toomuchtodo 6y ago
    Came across a citation that aligns closer to the $16.8B number quoted on the video citation I provide further upthread. https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-s... > Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer GameStop, according to data from S3 Partners. Doesn't attribute losses to specific firms, but the damage is spectacular.
kryogen1c 6y ago
> That is false. $16.8B is greater than Melvin's AUM losses on options contracts arent limited to invested capital. AUM is irrelevant
- fractionalhare 6y ago
  Yeah I'm aware of that, but Melvin is not bankrupt.
  - kryogen1c 6y ago
    oh i get it, i thought you were saying the losses werent possible because it exceed their available captial. youre actually saying the losses arent possible because theyd be out of business. i withdraw.
    - fractionalhare 6y ago
      Yeah in fairness I could have worded that more precisely, but that's the idea :)

toomuchtodo 6y ago

Do you have a citation you can offer up with more solid loss numbers? It looks like Melvin alone has lost at least $4.5 billion dollars on the GME short trade, and Citadel/Point72 provided ~$2.75 billion in capital to Melvin. https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW https://www.reuters.com/article/us-retail-trading-melvin/mel...

fractionalhare 6y ago
That is the citation. The person in that clip is speculating about Melvin's losses in particular.
- deleted 6y ago
  [deleted]
- toomuchtodo 6y ago
  Came across a citation that aligns closer to the $16.8B number quoted on the video citation I provide further upthread. https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-s... > Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer GameStop, according to data from S3 Partners. Doesn't attribute losses to specific firms, but the damage is spectacular.

kryogen1c 6y ago

> That is false. $16.8B is greater than Melvin's AUM losses on options contracts arent limited to invested capital. AUM is irrelevant

fractionalhare 6y ago
Yeah I'm aware of that, but Melvin is not bankrupt.
- kryogen1c 6y ago
  oh i get it, i thought you were saying the losses werent possible because it exceed their available captial. youre actually saying the losses arent possible because theyd be out of business. i withdraw.
  - fractionalhare 6y ago
    Yeah in fairness I could have worded that more precisely, but that's the idea :)