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Melvin Capital Management LP was an American investment management firm based in New York City. 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.
May 20, 2022 · Melvin Capital was one of the key players in the meme stock saga of 2021, where trading platform Robinhood shut down trading for GameStop, AMC and a few other stocks as shares...
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...
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 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 Capital in...
May 18, 2022 · Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year,...
Jan 25, 2021 · Hedge fund titans Ken Griffin and Steve Cohen boosted Gabe Plotkin’s Melvin Capital, injecting a total of $2.75 billion into the firm after it lost about 30% this year.
May 19, 2022 · Melvin Capital had managed $12.5 billion at the start of last year. The decision to close the hedge fund comes just one month after Plotkin floated a novel idea with its investors to get rid...
