Billionaire investor Steve Cohen.
- Steve Cohen’s Point72 and Ken Griffin’s Citadel are investing $2.75 billion in Melvin Capital.
- Melvin is down about 30% this year as its short positions are getting hammered.
- Day traders have bid up the stock prices of GameStop, Bed Bath & Beyond, and other popular shorts.
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A pair of billionaire investors are swooping in to support a short-selling hedge fund in its battle against an army of irreverent…