Jack Woodruff’s Candlestick Capital was not the hedge fund leading the headlines during late January’s market volatility, but the young fund felt the pain either way.
The $3 billion manager lost “low to midteens” in January, according to the Wall Street Journal a far cry from the 53% Melvin Capital fell, but a big blow to a new manager that turned in 26% returns in 2020, its first year of trading. Melvin, Maplelane Capital, D1 Capital, and more suffered big losses in January when retail traders…

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