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Finance

Will Melvin Capital Go Bankrupt After Losing 53 Percent in January?

In response to the rising stock prices of GameStop, Bed Bath & Beyond, AMC, and other companies struggling in the modern economy, hedge funds sold positions and covered their shorts. 

For Melvin Capital, this led to a major loss over the course of January. The hedge fund lost a full 53 percent of its assets under management, which brought it down to about $4.5 billion.

View more information: https://marketrealist.com/p/can-melvin-capital-go-bankrupt/

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