Melvin lost $6.8bn in January 2021 amid the meme-stock rally, or more than half its assets under management
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Hedge fund had been a success until suffering huge losses in early 2021
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Hedge fund bets are now the least bearish since 2010 following the GameStop saga
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House panel presses executives, investors about recent options-trading drama
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Shares in GameStop have risen almost 1,800% this year, as retail investors continue to rush the stock
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A trader said staff are interpreting the memo as a caution about the GameStop market frenzy that has rattled some funds while triggering investors to reposition their portfolios
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A short position in GameStop hurt the firm in recent weeks
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