5/1/2023 0 Comments Galleon group![]() ![]() ![]() “Margin Call Maplelane Capital?” was the heading of a post on Reddit’s Wallstreetbets/new on Wednesday morning. It’s still up more than 50 percent for the past five days. The next fund to be hurt, hedge fund insiders said, could be Maplelane Capital Management, which was also short several of the same names as Melvin.īoth funds had disclosed in their most recent regulatory filings that they owned puts on GameStop, leading retail investors on a now-famous Reddit forum, WallStreetBets, to try and orchestrate a short squeeze on the name - which wasn’t hard, given that 140 percent of its shares had been sold short.Īs the stock soared, Melvin secured a $2.75 billion lifeline from Citadel and Point72 Asset Management Monday afternoon.Īs was the case for Melvin, many of Maplelane’s 25 disclosed short positions have also been also ripping, including names like Pitney Bowes, which had almost doubled in value before coming down on Wednesday. ![]() ![]() No sooner had Citadel forked over billions of dollars to help staunch the bleeding of Melvin Capital - a relatively obscure hedge fund whose short on video game retailer GameStop was subject to a massive short squeeze - than Wall Street wags started whispering: “This is a contagion event.”Īnd by Wednesday, when a slew of heavily shorted names were still soaring and the Dow ended the day down more than 600 points, one top manager told Institutional Investor that “every long-short hedge fund in the world is getting killed. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |