Earlier this year, collective investing went for Gamestop, among other retailers, and the effect that it had on the hedge funds that bet against them was brutal.
Today it was announced that White Square Capital, the hedge fund that bet against Gamestop, is closing its doors. The fund made the claim to have recovered from the January losses, and made the decision to close its doors after a review of its business model. People are skeptical of their claim.
Power to the players, indeed.