According to a report from the Financial Times, the London-based hedge fund that suffered losses when it went short on U.S. retailer GameStop Corp’s shares, during the first meme stock rally earlier this year in January, is now closing shop…. Read More ›
According to an analysis by Goldman Sachs Inc, last week, U.S. hedge funds bought and sold the most stock in more than a decade midst wild swings in GameStop Corp shares that many had bet against; their market exposure continues… Read More ›
In a statement, online broker Robinhood said, it has placed temporary buying restrictions on a small number following ten-fold increase in deposit requirements as mandated by clearing house. “….the required amount we had to deposit with the clearing house was… Read More ›
Steven Cohen’s Point72 Asset Management suffered a loss of nearly 15% this year due to a sudden surge in GameStop Corp’s shares. The losses at Point72, which manages nearly $19 billion in assets, came in part from its investment in… Read More ›
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