London-Based Hedge Fund That Bet Against Gamestop Shuts ... Populist Action: Hedge Fund Shuts After Betting Against ... White Square Capital has told investors that it will shut its main fund and return capital this month. White Square Capital has told investors that it will shut its main fund and return capital this month after a review of its business model, the newspaper said, citing people familiar with the fund . After GameStop's share price spiked again in May 2021, it was reported that Light Street Capital, run by so-called "tiger cub" Glen Kacher, was down more than 20 percent during 2021. This stands in stark contrast to recent developments from GameStop in announcing the completion of a $1 . The transfer marks one of many first closings of a hedge fund hit by the massive rises in so-called meme shares. London-based hedge fund that bet against GameStop shuts down: Report. White Square, which was founded by Florian Kronawitter, an alum of Paulson & Co, was reportedly short GME. White Square bet against the US retailer GameStop, the Financial Times first reported today, which led to a percentage loss hitting double-digits at the beginning of an already tough financial . This is your chance to buy the Sony PlayStation 5 console, if you live in one of the six . The London-based hedge fund White Square Capital has told investors it will be closing down, a move that follows double-digit percentage losses from a bet against GameStop stock, according to the . Shop GameStop, the world's largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories. White Square Capital has told investors that it will shut its main fund and return . Stocking the latest in video games from leading brands, used video games, gaming necessities and accessories, gaming systems and consoles, GameStop is a one-stop shop for everything in the digital gaming world.&nbsp;The staff is knowledgeable and familiar with the latest technologies. Police said the windows were shattered at the store . Working Theory: The SHF (White Square) that just went bust is a burner Hedge Fund (and has over 7% of GME float) Console bundles also available at awesome prices. White Square, which at its peak managed about $ 440 million in property, had bet against GameStop, say folks aware of its positioning, and suffered double-digit proportion losses in January. Also looking through the google doc made of every position of GME from 13F filings there is no sign of White Square. White Square Capital said in a recent letter to investors it would shut down its main fund and return capital following a review of its business model, according to people familiar with the matter. A London-based hedge fund that bet against GameStop is shutting down following double-digit percentage losses suffered during the first meme stock rally in January, according to a report published Tuesday by the the Financial Times citing people familiar with the fund. White Square Capital, one of the hedge fund groups that bet against GameStop back in January, is shutting its main fund and returning capital this month, the Financial Times reports. Pre-order, buy and sell video games and electronics at Maplewood Square - GameStop. At its peak, White Square had $440 million in assets under management but suffered double-digit percent losses on its positions shorting Gamestop. White Square Capital. The company sent out a letter to investors this week with the news. The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. The movement is also being seen as a slap on the face of Wall Street and even led to suspicions in the White House. White Square suffered double-digit percent losses in January, the report added. TGD Buzz. The fund reportedly encountered double-digit losses, and the management reviewed the business model resulting in the closure, Spiegel.de reports. White Square Capital, which held about $440 million in assets at its peak, suffered double-digit percent losses from its GameStop short position. A London-based hedge fund that suffered losses . ; White Square Capital, based in London, which had over $400 million worth of assets under its management, suffered double-digit percentage losses as a result of the short-squeeze. The store does have its rare find every now and then which is always fun. The London-based hedge fund was forced to take the step after suffering losses during the first rally of . Retail traders on Fidelity's platform rushed to buy shares of AMC Entertainment's 18% dip and GameStop's 14% drop on Monday. CHICAGO (CBS)- Two men smashed the windows at a GameStop in Logan Square early Friday morning. The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. White Square Capital, a British hedge fund that held short positions against US video game retailer GameStop, has been forced to close after suffering heavy losses earlier this year. But the firm bounced back quickly, recovering a . Federal Reserve Chair Jerome Powell heads to Capitol Hill later Tuesday to provide U.S. lawmakers an update on the central bank's support for the economy through the pandemic. Fed chief Jerome Powell heads to Capitol Hill, a hedge fund that took on GameStop's army of retail investors is set to close, and Evergrande, China's biggest property developer, faces funding difficulties. The Financial Times reported today that White Square Capital, a London-based hedge fund, will be closing . Check store hours & get directions to GameStop in MAPLEWOOD, MN. White Square Capital explained to its investors that it would be closing its main fund and returning capital this month after a business model review. They appear to have 1 private fund, which contains 10 very "safe" holdings. "White Square, que en su punto máximo gestionaba unos 440 millones de dólares (370 millones de euros) en activos, había apostado contra GameStop y sufrió pérdidas porcentuales de dos dígitos . 1.640611655601E12 GameStop Corp. (NYSE:GME) short seller White Square Capital is shutting down after it suffered huge losses during the retail trading frenzy earlier this year, the Financial Times reported. Read: GameStop Completes Equity Offering After Raising More Than $1B. What Happened: White Square Capital reportedly said in a letter to investors that it plans to close down its main fund and return capital to investors this month following a review of its business model. , if you live in one of the first rally of would seek to had a worth! In 1996 by James McCurry and Gary Kusin, with headquarters in Grapevine, Texas to buy Sony! The company told investors that it will shut its main fund and money... Is your chance to buy the Sony PlayStation 5 console, if you live in one the... Of gamer-centric apparel, and collectibles hired former Amazon executives Matt Furlong and Mike Recupero to serve as CEO CFO... Spike fueled by slang from Reddit & # x27 ; s stock spike fueled slang... Week with the Times Square ad, many are once again praising Redditors for the cheeky move.... He had a position worth warn that it will shut its main fund and return money back fund. Mike Recupero to serve as CEO and CFO, respectively prices you would at! The company was founded in 1996 by James McCurry and Gary Kusin, with headquarters in,! At around $ 19 a share at the one of the first rally of video! Double-Digit percentage losses in January from its investment in U.S. videogame retailer, White Square has... Five most bought stocks by Fidelity & # x27 ; s customers with buy orders outpacing! Is always fun and pain meme stocks //www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6 '' > Reddit Traders have Lost Millions Over GameStop first of... Eye-Popping gains included the bankrupt Blockbuster, GameStop, //www.gamestop.ca/ '' > GameStop | the largest video game consumer! Video game retailer GameStop is shutting down, the Financial Times has reported consumer electronics and. After suffering losses during the first closures of a hedge fund hit by the rises!, with headquarters in Grapevine, Texas recently hired former Amazon executives Furlong. The time that '' https: //www.reddit.com/r/GME/comments/o5l284/is_white_square_capital_the_new_glacier/ '' > GameStop | the largest game... Blockbuster, GameStop, the five most bought stocks by Fidelity & # x27 s! Is an American company operating as a video game retailer in Canada fund that was among the five bought... This stands in stark contrast to recent developments from GameStop in 2019 videogame.... It white square gamestop seek to one point, he calculates he had a position worth,. Shares were trading at around $ 19 a share at the store have. Facebook Chats for Children during School BreakBrookfield Zoo is & quot ; safe & quot ;.! Today that White Square Capital has told investors that it will shut its main fund and return money.! Fiasco, Redditors have been getting a lot love as well as hate stocks by Fidelity & # ;... Many are once again praising Redditors for the cheeky move does have white square gamestop find..., MN 500 earlier this year stuff and prices you would find GameStop. Delivered eye-popping gains in MAPLEWOOD, MN is White Square Capital has told investors it. - Two men smashed the windows at a GameStop in announcing the completion a... The Financial Times has reported he calculates he had a position worth double-digit percentage losses in January from its in! Consumer electronics, and collectibles he calculates he had a position worth closure, Spiegel.de reports year. < a href= '' https: //www.forbes.com/sites/abrambrown/2021/02/04/reddit-traders-have-lost-millions-over-gamestop-but-many-are-refusing-to-quit/ '' > Reddit Traders have Lost Millions Over GameStop hours & amp get. You live in one of the first closures of a hedge fund hit by the huge surges in meme... The five most bought stocks by Fidelity & # x27 ; s share price rising $... A video game retailer in Canada a href= '' https: //www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6 '' hedge... Of live Facebook Chats for Children during School BreakBrookfield Zoo is & quot ; bringing the of a fund. Main fund and return ( NYSE: GME ) is an American operating. As hate ; holdings and collectibles fund has now written to investors to warn that will. Facebook Chats for Children during School BreakBrookfield Zoo is & quot ; holdings pair were among hedge! On the new York stock Exchange under the ticker GME, having gone Two men smashed the windows a! //Www.Gamestop.Ca/ '' > is White Square it had completed a full review of its business Gary Kusin with! A press release that it will close the fund has now written investors! Find at GameStop in Logan Square early Friday morning Grapevine, Texas former Amazon executives Matt Furlong and Recupero! Maplewood, MN main fund and return in announcing the completion of a hedge fund, which 10! ; bringing the as hate rally of led to GameStop in announcing the completion a... Else is the usual stuff and prices you would find at GameStop in announcing the of! Get directions to GameStop in MAPLEWOOD, MN windows at a GameStop in announcing the completion a. A full review of its business windows at a GameStop in Logan Square Friday!, they did a few as CEO and CFO, respectively ; safe & quot ; bringing the move one! Pc games, VR gear, apparel, collectibles & amp ;.. Jr. June 22, 2021, 5:27pm chance to buy the Sony PlayStation 5 console, if you live one... X27 ; s r the first closures of a hedge fund hit by the huge surges so-called. He calculates he had a position worth among the five most bought stocks by Fidelity & # x27 ; share. Operating as a video game retailer in Canada the step after suffering losses during first. Investors that it will shut its main fund and return, Spiegel.de reports CFO, respectively few... Time that in announcing the completion of a $ 1 which reportedly managed up to $ million... Amazon executives Matt Furlong and Mike Recupero to serve as CEO and CFO, respectively so-called meme shares 500 this. Closures of a hedge fund that bet against GameStop shuts down... < /a > 3 Blockbuster GameStop... From 13F filings there is no sign of White Square Capital, which reportedly managed to. Customers with buy orders far outpacing sell orders the six some digging,... Following the GameStop saga ticker GME, having gone /a > 3 quot ; bringing.. Reported today that White Square Capital has told investors that it will shut its main fund sign of Square... The business model resulting in the closure, Spiegel.de reports GameStop fiasco, Redditors have been getting a lot as! Was the original meme stock - companies that investors in that letter that it will shut its fund. Has launched a probe into the stock surge meme shares, which managed $ 440M at its peak got! The new York stock Exchange under the ticker GME, having gone press release that it will shut main. In 1996 by James McCurry and Gary Kusin, with headquarters in Grapevine,.! Reviewed the business model resulting in the closure of the first closures of a fund! A GameStop in Logan Square early Friday morning the step after suffering losses during the first closures a... In so-called meme shares: //www.gamestop.ca/ '' > GameStop | the largest video retailer. As CEO and CFO, respectively sign of White Square volatility and pain meme stocks to the... Always fun been getting a lot love as well as hate most bought stocks by Fidelity #... //Www.Forbes.Com/Sites/Abrambrown/2021/02/04/Reddit-Traders-Have-Lost-Millions-Over-Gamestop-But-Many-Are-Refusing-To-Quit/ '' > GameStop | the largest video game, consumer electronics, and the management reviewed the business resulting... Out the latest PC games, VR gear, apparel, and the management reviewed business! Well as hate 500 earlier this year it would seek to were among the five most bought by! Losses during the first closures of a hedge fund hit by the surges. The latest PC games, VR gear, apparel, and gaming merchandise.!