Seeing a lot of glee over Citadel’s -3% January return — but honestly I would love to be caught up in a once-in-an-epoch short squeeze combined with massive hedge fund deleveraging and only lose 3%
No - Melvin was down ~50% on their GME position which was up ~1200% (plus losses elsewhere). Cit certainly had a much smaller position in GME, but would have got caught up in general deleveraging (shorts going up and longs doing down) in the last week of Jan.