GameStop Hype turns away one of its largest Investors
A larger shareholder turns its outlook on the stock to neutral.
Must Asset Management, which held a 4.7% stake in GameStop Corp. at least until April last year. held, is becoming less bullish on the stock on the recent confusing rally. Must Asset Management CEO Kim Doo-yong told Bloomberg on Monday that the South Korean hedge fund has become "less bullish" and "more neutral" on GameStop. According to Kim, GME stock "will continue to be very volatile and unpredictable in the short term." The 4.7% stake made Must Asset Management one of the largest GameStop investors, as reported by Bloomberg. Whether the hedge fund retained its stake is unclear and Kim refused to comment to Bloomberg.