Melvin Capital lost billions of dollars last year after it. Melvin Capital plans to close its funds and return the cash to its investors capping a stunning reversal for a firm that lost big on the surge in.
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22 hours agoGabe Plotkins Melvin Capital is shutting down and returning money to its investors after a poor showing of performance.
. It was founded in 2014 by Gabriel Plotkin who named the firm after his late grandfather. REUTERS The past 17 months has been an incredibly trying. 1 day agoMelvin Capital had 78 billion in assets at the end of April and the fund had lost 23 since January a person familiar with the funds finances.
19 hours agoMelvin Capital has been struggling to recover after a massive short squeeze by day traders on GameStop crushed the fund in January 2021. Melvin Capital had 78 billion in assets at the end of April. Melvin Capital Management LP is an American investment management firm based in New York City.
1 day agoThe liquidation of Melvin Capital also played a major role says Tom Hayes chairman and managing member of Great Hill Capital. The fund lost 23 in the first four months of 2022 a person familiar with. On May 18 2022 Plotkin announced that the fund would close and return any remaining customer funds by July 2022.
The 78 billion fund is shutting down the firm announced late.
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