These guys are so fucked. Check out my math:
As of Jan 22 2021 close, they were
down 30%. They had
13.1 bn AUM as of Mar 2020 (assuming this doesn't change), that's a
loss of $3.9 bn as of Jan 22 2021.
During this time, GME increased $46.95 (from $17.9 to $64.85).
AKA for every $11.95 increase in GME price, Melvin loses $1bn. GME price as I am writing this is $103.46. That means:
Since the $2.75bn bailout, Melvin has lost another $3.2 bn or 25%.
When $GME hits ~$175 it'll be game fucking over for Melvin. -100% loss. They can't restart.