News for hackers. Stuff that matters.

A comment on AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains. Parent comment

Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by gowld on Wednesday February 03, 2021 @01:16PM (#26017010)
It's wrong to conflate largeness with richness.

John Simon's personal $1B fund is far more rich than a 10000-member $100B pension fund.

[ Parent | on HN ]
Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by randomdata on Wednesday February 03, 2021 @01:26PM (#26017168)
A personal investor wouldn't be appropriately called a hedge fund, though. A hedge fund is, by definition, funded by a pool of investors. We are talking about hedge funds here.
[ Parent | on HN ]
Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by notfbi on Wednesday February 03, 2021 @03:38PM (#26018792)
Op was surely referring to [Jim] Simons' medallion fund and those like it - where it's closed except to family/friends, and in Simon's case fellow colleagues', personal funds, where often a single founder holds a bulk of the interest.
[ Parent | on HN ]