Why the GameStop frenzy may hurt retirees along with hedge funds

Link: https://www.cnbc.com/2021/02/01/why-the-gamestop-frenzy-may-hurt-retirees-along-with-hedge-funds.html



Retail investors such as Reddit users have targeted stocks like GameStop that are heavily shorted by Wall Street.

Some hedge fund losses extended into the double digits.

That could spill over to pension plans. Some invest more than 20% of their assets in hedge funds.

Author: Greg Iacurci

Publication Date: 1 February 2021

Publication Site: CNBC