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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] 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.
Aug 12, 2022 · Despite announcing in May that it is shutting down and returning money to investors, the hedge fund’s risk appetite and disclosures are being probed by the Securities and Exchange Commission, according to sources who spoke to The Wall Street Journal.
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....
Feb 6, 2021 · Melvin Capital, GameStop and the road to disaster. Hedge fund faces questions over risk management after losing half its money in a Reddit trading frenzy. Gabe Plotkin founded Melvin Capital in...
Jan 27, 2021 · Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund's manager told CNBC.
May 19, 2022 · Gabe Plotkin's Melvin Capital is shutting down and returning money to its investors after a poor showing of performance. Melvin Capital lost billions of dollars last year after it was...
May 18, 2022 · Gabe Plotkin plans to wind down Melvin Capital Management after suffering billions of dollars of losses and angering investors with a botched plan to reboot the firm.
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.
