A hedge fund that made losses betting in opposition to GameStop
within the first meme-stock rally has been pressured to close down, in accordance with experiences.
London-based White Sq. Capital suffered double-digit p.c losses in January from its funding within the U.S. videogame retailer, and has now written to buyers to warn that it’s going to shut its fundamental fund and return a reimbursement, The Monetary Occasions reported, citing sources.
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White Sq., which was based by Florian Kronawitter, a former dealer at Paulson & Co, had managed as