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

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

 

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

 

“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.

 

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

 

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

 

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

 

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

 

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

 

man that sux,

anyway...