Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return
- Senvest Management latest filings showed 7% GameStop stake
- Hedge fund had become a way for investors to play Reddit craze
This article is for subscribers only.
A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two months of the year after selling its stake during the retailer’s Reddit-fueled surge.
Senvest Management LLC’s Senvest Master Fund LP returned 15.3% in February, according to a preliminary estimate published by Montreal-based Senvest Capital Inc., avoiding a big loss on GameStop, which fell 69% during the month.