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May 19, 2022 · May 19, 2022, 7:24 AM PDT. Alex Flynn/Getty Images/Bloomberg. Gabe Plotkin's Melvin Capital is shutting down and returning money to its investors after a poor showing of performance. Melvin...
May 19, 2022 · Reporter. Thu, May 19, 2022 · 1 min read. SOPA Images via Getty Images. Reddit's war over GameStop stock has claimed a major casualty. Bloomberg and The New York Times report Melvin Capital,...
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,...
May 18, 2022 · Updated May 18, 2022 · 3 min read. (Adds details about Melvin's losses, plans to reorganize, past history) By Svea Herbst-Bayliss. May 18 (Reuters) - Melvin Capital, once one of Wall...
May 18, 2022 · Melvin Capital had $7.8 billion in assets at the end of April. The fund lost 23% in the first four months of 2022, a person familiar with the fund's finances said. This year's losses come on...
Feb 18, 2021 · While its bet only recently gained massive attention, hedge fund Melvin Capital has been shorting GameStop ( GME) stock since the fund was founded nearly six years ago, chief investment officer...
It was enough to push Melvin to a $6.8 billion loss in January 2021 – representing more than half its assets under management. Despite a modest recovery, Melvin threw in the towel earlier this...
