Hedge Fund Maplelane Loses About 33% on Short Bets This Month

Maplelane Capital, a $3.5 billion stock hedge fund, lost about 33% this month through Tuesday in part because of a short position on GameStop Corp., according to investors.

The firm significantly altered its portfolio in recent weeks, adjusting risk, one of the people said, asking not to be identified because the information isn’t public. Those changes helped protect against further losses, and the firm has no liquidity or margin issues.

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