Jim Simons-founded hedge fund makes millions after boosting stake in GameStop before meme-stock rally: filing

One of the top hedge funds in the world bought a sizable stake in GameStop just a few weeks before shares surged as much as 400% in the latest “meme stock” rally, a regulatory filing showed Wednesday.Renaissance Technologies, the quant firm founded by legendary investor Jim Simons, who died last week, bought just over 1 million shares of GameStop during the quarter ending in March, according to the securities filing.Assuming no changes in the position, the GameStop stake would be worth nearly $33.5 million ...