Hedge fund Melvin Capital is down $4.5 billion after epic squeeze by Reddit traders, report says

Betting against the crowd isn't always smart. 

Hedge fund Melvin Capital reportedly lost $4.5 billion in assets value in January – a 53 percent drop – after its massive bet that GameStop's stock price will fall turned sour, the Financial Times reported Sunday. And that's after a $2.75 billion cash infusion from previous...