Steve Cohen, Sundheim lose to Reddit WallStreetBets GameStop (GME), AMC Traders



Follow Bloomberg on Telegram for all the investment news and analysis you need.

For once, Main Street beats Wall Street.

Within weeks, two hedge fund legends – Steve Cohen and Dan Sundheim – suffered deadly losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose company was being beaten.




Source link