Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge Renaissance Technologies, an elite hedge fund, strategically acquired 1 million GameStop shares last quarter, reaping significant gains as the stock surged over 400% this week. Initially worth $13 million, the stake briefly soared to $65 million at Tuesday’s high, driven by renewed interest from retail investors like Keith “Roaring Kitty” Gill. RenTech, known for its algorithmic trading, also made notable portfolio adjustments, increasing its AMC holdings and reducing stakes in Nvidia and Tesla, showcasing its dynamic investment strategy amidst market volatility. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Macro Funds Bet Big on Gold as Rate Cut Expectations Soar READ MORE Dimon Warns: US Economic Outlook Uncertain, Recession Risk Lingers READ MORE World Gold Council: Central Bank Gold Statistics READ MORE Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE JPMorgan Bullish on Gold: $2,500/oz Target READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment