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Gabe Plotkin (born 1978) is an American businessman, the founder and chief investment officer of former Melvin Capital Management and Tallwoods Capital LLC. He is also a majority owner and co-chairman of the Charlotte Hornets of the NBA.
Jan 22, 2024 · Gabe Plotkin is the founder of Melvin Capital, which lost billions in the GameStop short squeeze. He launched a new company, Tallwoods Capital, and bought the Charlotte Hornets NBA team with Rick Schnall.
It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather. [1] On May 18, 2022, Plotkin announced that the fund would close and return any remaining customer funds by June 2022. Its assets under management (AUM) in April 2022 were about $7.8 billion. [2]
Sep 16, 2023 · Gabe Plotkin ran Melvin Capital, a hedge fund that lost billions in the 2021 GameStop short squeeze. He closed his fund and bought the Charlotte Hornets from Michael Jordan in 2023.
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.
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 18, 2022 · Plotkin’s abrupt decision, announced in a letter to clients Wednesday, ends his attempt at a long-shot comeback funded by some of Wall Street’s biggest players.
