Hedge Funds

Hedge fund Marshall Wace pockets $11 million off Cyberpunk game debacle

Marshall Wace piled into a short bet in CD Projekt, the developer of the Cyberpunk 2077 video game that flopped when it debuted earlier this month

Cyberpunk 2077 launched to much fanfare, but has been dogged by negative reviews
Cyberpunk 2077 launched to much fanfare, but has been dogged by negative reviews Photo: CD Projekt

Marshall Wace piled into a short bet in CD Projekt, the developer of the Cyberpunk 2077 video game that flopped when it debuted earlier this month.

The London-based hedge fund built a short position representing about 0.51% of the Warsaw developer’s shares as of 11 December, when the stock was hovering at about 320.5 zloty, per a filing analysed by short-selling research firm Breakout Point. That bet, based on the stock’s intraday low on 18 December, would currently be valued at about 38.75m zloty, or about $10.7m.

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