‘It was like, wow, you possibly can by no means brief a inventory once more.’ Hedge fund govt remembers when GameStop inventory went parabolic

GameStop stories outcomes after the shut on Wednesday, and naturally that brings to thoughts the large surge in its inventory worth in January, 2021, when the Reddit WallStreetBets message board assist to gasoline a frenzy, earlier than an abrupt finish when brokers restricted buying and selling.

That episode was recalled in a podcast that Will England, chief govt of the hedge fund Walleye Capital, did with Patrick O’Shaughnessy, himself a fund supervisor. Essentially, England represents what many see to be the villains of this story, the hedge funds that…