Senvest Management generated full-year returns of 85 percent, according to an investor familiar with the numbers.
There's a famous market saying "As goes January, so goes the year." The same can be said of last year's January market mania and some of the 2021 hedge fund returns.proved to still have an outsized impact on numbers for some of the funds on each side of the trade.
In the year through November, Senvest, with $3.2 billion in assets under management, stood as the best-performing hedge fund, according to figures tallied by HSBC. And it's likely that the firm's full-year performance allowed them to maintain that standing.Those who were on the opposite side of the GameStop trade had a harder time recovering.
The tale of two hedge funds shows the enduring impact of the volatility surrounding GameStop during the first month of 2021 and how it contributed to returns and losses for institutional investors for the full year.
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