Hedge fund Melvin sustains 53% loss after Reddit onslaught

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by fractionalhare on Sunday January 31, 2021 @08:31PM (#25984577)

> It should be noted that Melvin Capital returned over 50% in 2020[1], 44% in 2019[2], and has averaged above 30% annual returns since inception[3].

And those returns are all net of fees.

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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by runako on Sunday January 31, 2021 @10:16PM (#25985130)

I'm curious; do you know that from some document from the fund? The linked source doesn't appear to support that conclusion.

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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by fractionalhare on Sunday January 31, 2021 @10:37PM (#25985260)

It's included in the WSJ article about the Point72 and Citadel investment.

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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by runako on Sunday January 31, 2021 @10:49PM (#25985328)

Thanks!

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