Gamestop S Meteoric Rise Highlights Hedge Funds Risky Short Selling Game
The GameStop saga, whether it’s over or not, showed how those placing the largest bets on short positions usually have an implicit influence on how those positions come to an end. The effect small retail investors have when compared to companies like BlackRock and Citadel seems to have been greatly overexaggerated by GameStop’s late-January surge. BlackRock, with roughly $1.9 trillion in assets managed in 2020, and Citadel, with around $29 billion in assets managed last year, have great power in how stock prices behave just by taking large positions in the first place....