Handful of hedge funds bet big on GameStop before its wild ride

@reuters
Handful of hedge funds bet big on GameStop before its wild ride

By David Randall and Svea Herbst-Bayliss NEW YORK (Reuters) - A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had bet against the stocks, according to securities filings released Tuesday. Hedge funds including Maverick Capital, Shellback Capital, Landscape Capital Management, and Engineers Gate Manager LP were among those that added a new position or increased their stakes in GameStop during the quarter that ended Dec. 30, accor...

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