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US$7.8 billion (Apr. 2022) Subsidiaries. Melvin Capital II Offshore Ltd. 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]
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...
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. CNN ...
May 20, 2022 · In January 2021, Melvin Capital was worth $13 billion, according to a GOBankingRates report at the time. It held just $7.8 billion in assets at the end of April 2022. Melvin’s major assets...
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. Here's a...
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...
Feb 6, 2021 · Melvin Capital, GameStop and the road to disaster. Hedge fund faces questions over risk management after losing half its money in a Reddit trading frenzy. Gabe Plotkin founded Melvin...
