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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]
- 2014; 9 years ago
- New York City, U.S.
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 ...
- 5 min
May 20, 2022 · The hedge fund that shorted GameStop and lost billions in 2021 is shutting down after a dismal performance in 2022. Investors may face tax consequences as the fund liquidates its assets and returns cash.
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...
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...
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May 18, 2022 · Updated on. May 19, 2022 at 6:15 AM PDT. Listen. 5:22. This article is for subscribers only. More than a year after Gabe Plotkin ’s Melvin Capital Management was grievously injured in a short...
