Melvin Capital, hedge fund that bet against GameStop, lost 53% in January

Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January.