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Hedge Fund Maplelane Is Clawing Way Back From GameStop Losses

  • Ends first quarter down 39.5% after losing 45% in January
  • Stock fund posted positive returns in February and March

Maplelane Capital, the hedge fund that lost 45% in January in part by shorting GameStop Corp., is starting to recover.

The fund rose 6.5% in February and 2.1% in March, according to people familiar with the matter, and ended the first quarter with a loss of 39.5%. The fund benefited from its long and short wagers on technology and consumer-focused companies, one of the people said.