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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...
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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Is Melvin Capital a good hedge fund?
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Why did Melvin Capital shut down?
In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg's 2015 list of top-performing funds with $1 billion or more in assets under management. These returns were several times that of Steve Cohen's current hedge fund, Point72, in the same year.
- 2014; 9 years ago
- New York City, U.S.
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 skyrocketed....
May 18, 2022 · Once high-flying hedge fund Melvin Capital to liquidate funds after huge losses. BY Hema Parmar and Bloomberg. Gabe Plotkin plans to wind down Melvin Capital Management after suffering billions...
May 18, 2022 · Sixteen months after suffering an unprecedented retail-trader-driven short squeeze, Gabe Plotkin is shutting down his $7.5 billion hedge fund, Melvin Capital.
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related to: melvin capital hedge fundLearn How Bank of America Private Bank Can Help You Explore Alternative Investment Options. Learn How Alternative Investments Could Help Refine and Enhance Your Financial Strategy.
