Senvest Management Llc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two months of the year after selling its stake during the retailer’s Reddit-fueled surge.Senvest Management LLC’s Senvest Master Fund LP returned 15.3% in February, according to a preliminary estimate published by Montreal-based Senvest Capital Inc., avoiding a big loss on GameStop, which fell 69% during the month.New York-based Senvest Management held just over 5 million shares of GameStop, making it the fourth largest holder, according to Bloomberg data and a February 13G filing. The firm told the Wall Street Journal in early February that it had exited the position in late January. The fund gained 38.5% that month.Senvest Capital, which seeded fund manager Senvest Management and shares in the revenue from it, was used by some investors as another way to play the GameStop phenomenon. Senvest Capital’s Toronto-listed stock has risen over 76% this year ....

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