Business
How Aussie fund doubled money in 2 days
An Australian shares fund doubled its investment in just a few days, thanks to collateral damage from the GameStop Corp (NYSE: GME) saga.
Forager Funds international shares fund portfolio manager Gareth Brown and analyst Chloe Stokes gave an update to clients this week that would have made them all smile.
No, the fund didn’t own GameStop shares before they rocketed up.
Their story was how the short squeeze super-charged a more conventional stock pick that they made.
It was all about the journey of US retailer Bed Bath & Beyond Inc (NASDAQ: BBBY).
This company was heavily shorted, just like GameStop.
“One of the stocks highest on our to-do list was also one of the market’s shorted stocks, with more than 60% of its outstanding…
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