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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. On May 18, 2022, Plotkin announced that the fund would close and return any remaining customer funds by June 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 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.
From available reports, Melvin Capital lost at least $7 billion on a GameStop short. Why Did Melvin Capital Shut Down? The combination of factors caused Malvin Capital to shut down.
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. Melvin...
Jan 28, 2022 · Melvin Capital Management founder Gabe Plotkin’s bets against GameStop and other stocks backfired, leaving the hedge fund down 54.5% last January.
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.
May 18, 2022 · More than a year after Gabe Plotkin ’s Melvin Capital Management was grievously injured in a short squeeze by amateur traders who organized on Reddit, the $7.8 billion hedge fund is giving up and...
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...
Aug 11, 2022 · The U.S. securities regulator is looking into Melvin Capital Management's risk controls and investor disclosures after the hedge fund was hammered by the meme-stock rally last year, the...
