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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Hedge Fund That Heavily Shorted GameStop Stock Is Winding Down For Good

Melvin Capital, the hedge fund at the center of the GameStop Corporation (NYSE:GME) short squeeze saga, will shut down, Reuters reported on Wednesday.

What Happened: Melvin Chief Investment Officer Gabriel Plotkin said in a letter that the last 17 months have been an “incredibly trying time,” according to Reuters.

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