Melvin Capital

La société américaine Melvin Capital avait parié sur la chute de GameStop et perdu des milliards de dollars face à la fronde des boursicoteurs en ligne.

« Je reconnais désormais qu'il est temps pour moi de ne plus gérer du capital externe. Faute d'arriver à redresser la barre, le hedge fund va rendre l'argent aux investisseurs et cesser ses activités. Contenu réservé aux abonnés

Le fondateur du hedge funds Melvin Capital Management n'a pas réussi à redresser la barre après sa perte colossale sur les actions meme.

Melvin Capital Management, the hedge fund that lost billions of dollars during last year's meme-stock rally, has told clients it is to shut down its funds ...

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New York — La société d'investissement américaine Melvin Capital, qui avait perdu beaucoup d'argent l'an dernier en pariant sur une chute de GameStop, ...

Après l'épisode GameStop, Melvin Capital avait dû être renfloué à hauteur de 2,75 milliards de dollars américains par d'autres sociétés d'investissement. «Je reconnais désormais qu'il est temps pour moi de ne plus gérer du capital externe.» Après l'épisode GameStop, Melvin Capital avait dû être renfloué à hauteur de 2,75 milliards de dollars américains par d'autres sociétés d'investissement. (Photo: 123RF)

Melvin Capital, the hedge fund that incurred heavy losses during the GameStop (GME) short squeeze, said it will unwind its funds and return money to ...

Melvin Capital said it failed to recover those losses this year as market volatility compounded its to $3 billion U.S. into Melvin Capital to shore up its finances in the wake of the GameStop short Melvin Capital was one of the biggest victims of the meme stock frenzy last year due to its large

"The past 17 months has been an incredibly trying time for the firm and you, our investors," Plotkin wrote in a letter to investors.

In the hedge-fund industry, it is common practice that investors don't pay a performance fee for poor performance. I now recognize that I need to step away from managing external capital." Both billionaire investors have since wound down their investment in Melvin Capital as Plotkin's underperformance has lingered.

Hedge fund had been a success until suffering huge losses in early 2021.

Once a prominent hedge fund, Gabe Plotkin announced that Melvin Capital will be shutting down and liquidating its entire portfolio.

- Plotkin isn’t the only prominent hedge fund manager having a difficult year. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. This year’s losses add on to the hedge fund’s losses from 2021. For the first four months of the year, the firm’s portfolio reportedly declined by 23%. “The past 17 months has been an incredibly trying time for the firm and you, our investors. Once a darling of Wall Street, Gabe Plotkin’s Melvin Capital announced that it would shut down and liquidate all of its positions.

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 ...

In the hedge-fund industry, it is common practice that investors don't pay a performance fee for poor performance. I now recognize that I need to step away from managing external capital." Both billionaire investors have since wound down their investment in Melvin Capital as Plotkin's underperformance has lingered.

Melvin Capital said it is finally shutting down after getting clobbered by Reddit investors last year — and now clients are doubly angry because its...

According to reports, Plotkin said he would keep the new fund small — under $5 billion and focus on shorting stocks. During the past few months, Plotkin has gone back and forth on whether to return capital to investors. “The past 17 months has been an incredibly trying time for the firm and you, our investors,” Plotkin wrote.

(Bloomberg) -- More than a year after Gabe Plotkin's Melvin Capital Management was grievously injured in a short squeeze by amateur traders who organized on ...

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The Citadel CEO scolded Reddit traders Thursday: "You're taking down the money of a pension plan that belongs to a teacher."

"People were locked up in their basements," Griffin said, "losing their minds." The average life span of a hedge fund is about three years, meaning that hedge fund closures are far more common than perhaps believed. You're taking down the money of a pension plan that belongs to a teacher." In a letter to investors, Plotkin wrote that he would be stepping away from managing external capital. But, when a Reddit-fueled bonanza of buying activity from individual investors intent on sending stocks like GameStop and AMC Entertainment "to the moon" hit in January 2021, Melvin felt the pinch. Soon after launching, Melvin began to amass short positions in companies like GameStop, whose business model seemed to hinge on a dying brick-and-mortar set of retail stores.