London hedge fund, which suffered losses from the sale of GameStop shares, announced the closure
White Square Capital has closed, promising investors to return capital by the end of June. This was reported by the Financial Times with reference to sources close to the company and a letter to investors.
At its peak, the company managed $ 440 million in assets. In January, the hedge fund went short on shares in the gaming retail chain GameStop, which rose 700% by Reddit users. Then White Square Capital suffered double-digit interest losses.
According to a knowledgeable source, the decision to close the fund is not related to the January losses, as the company quickly recovered and made up for the losses. The main reason was the lack of investors.
London hedge fund, which suffered losses from the sale of GameStop shares, announced the closure
White Square Capital has closed, promising investors to return capital by the end of June. This was reported by the Financial Times with reference to sources close to the company and a letter to investors.
At its peak, the company managed $ 440 million in assets. In January, the hedge fund went short on shares in the gaming retail chain GameStop, which rose 700% by Reddit users. Then White Square Capital suffered double-digit interest losses.
According to a knowledgeable source, the decision to close the fund is not related to the January losses, as the company quickly recovered and made up for the losses. The main reason was the lack of investors.
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