BOSTON (Reuters) – Melvin Capital, the hedge fund at the center of the GameStop trading frenzy, lost 49% on its investments during the first three months of 2021, a person familiar with the matter said on Friday.
The fund, founded by Gabe Plotkin, lost 7% in March, the source added. A Melvin Capital spokesman declined to comment.
(Reporting by Svea Herbst-Bayliss in Boston)
