These were among the biggest hedge-fund winners and losers in January as GameStop mania upended markets
- Hedge funds started 2021 in the spotlight after a trading frenzy in GameStop led to severe losses for Melvin Capital.
- These are among the winning and losing hedge funds in the month of January, according to Bloomberg.
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Hedge funds have been thrown into the spotlight this month after a Reddit forum called WallStreetBets sparked a massive short-squeeze rally in shares of GameStop and AMC Entertainment.
The move in GameStop upended hedge funds that were short shares of the video-game retailer. The short trade proved to be a popular bet given the high short position in the stock at the start of the year.
Melvin Capital was one hedge fund that suffered extreme losses stemming from a short bet on GameStop, with the fund losing 53% in the month of January. Melvin ultimately received a $2.8 billion emergency investment from hedge fund billionaires Steve Cohen of Point72 and Ken Griffin of Citadel.
Maplelane Capital, another hedge fund that was short shares of GameStop, fell 45% through January 27.
Here are the winning and losing hedge funds amid the GameStop mania in the month of January, according to Bloomberg.
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Winners
1. Glenview Capital Management
January Gain: 6.4%
AUM: $3.5 billion
2. Falcon Edge Capital
January Gain: 4.2%
AUM: $4 billion
3. Heard Capital
January Gain: 3.2%
AUM: $325 million
4. ExodusPoint
January Gain: 1.2%
AUM: $13.3 billion
5. Verition
January Gain: 1.2%
AUM: $3 billion
6. Schonfeld Strategic Advisors
January Gain: 0.9%
Losers
1. Citadel
January Loss: 3%
2. Greenlight Capital
January Loss: 11.1%
3. Honeycomb Asset Management
January Loss: 4%
AUM: $1.2 billion
4. Renaissance Quant Fund
January Loss: 9.5%
5. Maplelane Capital
January Loss (through January 27): 45%
6. Melvin Capital
January Loss: 53%