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  1. en.wikipedia.org › wiki › Melvin_CapitalMelvin Capital - Wikipedia

    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.

  2. www.nytimes.com › 2022/05/18 › businessMelvin Capital, Hedge Fund That Shorted GameStop, Is Shutting ...

    May 18, 2022 · Alex Flynn/Bloomberg. By Matthew Goldstein and Kate Kelly. May 18, 2022. Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from...

  3. www.cnn.com › 2022/05/19 › investingMelvin Capital to shut after heavy losses on meme stocks ...

    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. CNN ...

    • 5 min

  4. www.nytimes.com › citadel-melvin-gamestopCitadel to Redeem $500 Million From Melvin Capital - The New ...

    Aug 21, 2021 · Citadel to take back $500 million of its cash infusion into Melvin Capital. Melvin, a hedge fund that had bet that GameStop’s share price would fall, received a $2 billion infusion from...

  5. finance.yahoo.com › news › former-hedge-fund-giantFormer Hedge Fund Giant Melvin Capital Shutters Doors After ...

    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.

  6. seekingalpha.com › news › 3841116-the-rise-and-fallThe rise and fall of Melvin Capital — a timeline | Seeking Alpha

    May 19, 2022 · Melvin Capital, the hedge fund hit with billions of losses in the 2021 meme-stock frenzy, has called it quits and will return investors' money, according to media reports on Thursday. Here's a...

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  8. markets.businessinsider.com › news › fundsMelvin Capital to Close After Losing Billions in GameStop ...

    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...