An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge

A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. RenTech, founded by the late Jim Simons, also boosted its AMC bet and pared Tesla and Nvidia. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized feed ...