Hedge fund Melvin sustains 53% loss after Reddit onslaught

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by jabberwcky on Sunday January 31, 2021 @11:14PM (#25985458)

Which could have been anywhere between an 81% to 810% drawdown in a typical leveraged strategy. Very few levered positions would have survived it without stopping out or completely blowing up, but an unlevered position absolutely could have -- and most (long term buy and hold) did

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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by dcolkitt on Monday February 01, 2021 @12:08AM (#25985744)

I'm not sure what you're talking about. Most hedge funds did significantly better than the S&P in 2008. They were down, but nowhere to the same degree.

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