London-based hedge fund that bet against GameStop shuts down - FT

FILE PHOTO: GameStop logo is seen in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - A London-based hedge fund that suffered losses betting against U.S. retailer GameStop Corp during the first meme stock rally in January is shutting down, the Financial Times reported on Tuesday.

White Square Capital has told investors that it will shut its main fund and return capital this month after a review of its business model, the newspaper said, citing people familiar with the fund and a letter to investors.