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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.
- 2014; 9 years ago
- New York City, U.S.
May 18, 2022 · 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 ...
May 19, 2022 · Melvin Capital quickly attracted attention and powerful investors and ended 2020, the year the pandemic began, with gains of 52.5%. From 2014 to 2020, Melvin boasted average annualized returns of 30%.
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May 19, 2022 · Melvin Capital, the hedge fund hit with billions of losses in the 2021 meme-stock frenzy, has called it quits and will return investors' money, according to media reports on Thursday
Aug 21, 2021 · Citadel to take back $500 million of its cash infusion into Melvin Capital. Melvin, a hedge fund that had bet that GameStop’s share price would fall, received a $2 billion infusion from Citadel ...
Feb 6, 2021 · Melvin took an emergency cash injection of $2.75bn from two other hedge funds — $750m from Cohen’s Point72 Asset Management and $2bn from Ken Griffin’s Citadel — to deal with the losses ...
May 18, 2022 · Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth ...
