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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. [1]
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.
May 20, 2022 · The hedge fund that famously shorted GameStop and lost billions in 2021 is shutting down after a dismal performance in 2022. Find out what it means for investors and how to avoid similar risks.
Aug 21, 2021 · Citadel has notified Melvin of its plans to retrieve $500 million of the $2 billion it injected in late January, according to two people briefed on the matter, who were not authorized to speak...
Jan 27, 2021 · The hedge fund suffered huge losses from the short squeeze in the video game retailer's stock, driven by online investors. Citadel and Point72 injected $3 billion to support Melvin Capital, which denied bankruptcy rumors.
May 19, 2022 · The hedge fund, which lost billions in the GameStop short-squeeze, plans to return money to its investors by July. It has underperformed the market and faced emergency funding from Point72 and Citadel last year.
