GameStop Frenzy Delivers $123 Million Windfall to Canada Duo
- Senvest Management is one of game retailer’s top holders
- GameStop plunged as online brokers begin to restrict trading
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A small Canadian investment firm is riding GameStop Corp.’s Reddit-fueled stock moves, adding $123 million to the wealth of the father-and-son duo who control it.
Montreal-based Senvest Capital Inc., which does public and private investments, is up 64% this year amid the GameStop trading frenzy. Senvest Capital controls fund manager Senvest Management LLC, which is GameStop’s seventh-largest shareholder, according to regulatory filings and data compiled by Bloomberg.