If only this were true. The individuals behind these operations won't lose anything. The main losers will be people that work for governments (i.e. teachers) whose PENSIONS were in these funds. And don't blame that on the fund managers. These pension funds demand high returns. It's the only way they can pay all those pensions and keep pace. 2-3 percent doesn't cut it so they hand it over to these funds like Melvin Capital.
In the end, it will be average people like you and me that foot the bill for these big funds that are rolling over. It will start with a significant increase in the capital gains tax which should kick in right around the time CYDY is popping. Expect to be giving at least 10% more of your profits to the government to make up for all the COVID relief, pension debacles, etc.
We are in crazy times right now but clearer minds will prevail eventually.