Senvest Surges On GameStop Long While Renaissance Struggles In January Markets

As amateur investors battled it out with hedge funds in GameStop Corp shares in the last few weeks of January, one hedge fund pocketed large profits. Richard Mashaal and Brian Gonick, the managers of Senvest Management LLC, started buying GameStop shares towards the end of last year. Q4 2020 hedge fund letters, conferences and more By the end of October, they owned more than 5% of the company, paying under $10 a share for most of their position, according to a recent Wall Street Journal article. GameStop’s surge earned the fund $700 million in just a few weeks. The profits…