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Short Losses Pile Up... Melvin Capital Can't Even Pay Its Employees...
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| Author | Source |
| :-------------: |:-------------:|
| [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oirfr1/short_losses_pile_up_melvin_capital_cant_even_pay/) |
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[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
<https://www.wsj.com/articles/the-meme-stock-rally-hurt-melvin-and-maplelane-it-hasnt-gotten-easier-since-11625931173>
*"Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors. Maplelane Capital is down 39% for the period. Some other funds that sustained lesser losses in the January meme-stock surge are doing better. Steven A. Cohen's $22 billion Point72 Asset Management and the $20 billion D1 Capital Partners are up about 1% and 3.8% for the first half of the year, respectively, said people familiar with the funds' performance."*
*"Melvin now says it lost 54.5% in January, more than its 53% estimate at the time, said people familiar with the firm. Maplelane lost about 45% that month."*
"Both funds have since raised new money on which they can charge management and performance fees, helping to pay their employees until they make up losses."