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Melvin Capital Management LP was an American investment management firm based in New York City. [1] It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather. [1] On May 18, 2022, Plotkin announced that the fund would close and return any remaining customer funds by June 2022.
May 19, 2022 · Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump.
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May 18, 2022 · Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to...
Apr 21, 2022 · Melvin, which lost nearly $7 billion early last year by betting stocks like GameStop would tumble, is planning to start charging clients incentive fees again, the report said.
Apr 21, 2022 · Buffeted by continuing losses, Gabe Plotkin’s Melvin Capital Management plans to shrink and take the unusual step of starting to charge incentive fees again even though clients remain ...
Aug 12, 2022 · Melvin Capital Management, the hedge fund that closed earlier this year after being partially bailed out by Citadel founder Ken Griffin, is being investigated over whether the firm misled...
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Aug 11, 2022 · The U.S. Securities and Exchange Commission is looking into Melvin Capital Management risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last...
