Major investment funds. Everybody talks about how the small-time Reddit investors took down those big time hedge funds who were shorting the shares. But, looking at the big picture, major investment funds who had long-term positions in GameStop and timed their exit accordingly were the big winners.
I had no clue until talking to my daughter, who works for one of those investment funds. The killing they made was FAR Greater than the reported gains in market value in the attached article. I won’t give out the name of the firm but they unwound virtually their entire stake close to GameStop’s high point and took in billions. They, and probably other large investment firms who also timed their exit strategy accordingly, were the true big winners.
www.investors.com
I had no clue until talking to my daughter, who works for one of those investment funds. The killing they made was FAR Greater than the reported gains in market value in the attached article. I won’t give out the name of the firm but they unwound virtually their entire stake close to GameStop’s high point and took in billions. They, and probably other large investment firms who also timed their exit strategy accordingly, were the true big winners.
Nine Investors Instantly Make $16 Billion On GameStop Stock 'Squeeze'
Here's a game many would like to play how to make a billion bucks in a month? And nine investors just pulled it off with GameStop stock.
www.investors.com
