You Searched For "gabe plotkin" and got 20 results
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2 mins read
Melvin Capital to shut down one year after GameStop short-squeeze caused billions in losses for the hedge fund
"The past 17 months has been an incredibly trying time for the firm and you, our investors," Plotki…
Matthew Fox
2 mins read
The hedge fund blown up by its bad GameStop bet aims to scale down assets to renew outperformance
Gabe Plotkin's Melvin Capital suffered a 39% loss in 2021, and was down another 21% in the first qu…
Matthew Fox
2 mins read
These are the 10 stocks Melvin Capital is betting will help it recoup losses from the GameStop short squeeze that cost it billions
The $17 billion hedge fund suffered a 53% loss in January and ended the first half down 46% followi…
Matthew Fox
2 mins read
The hedge fund badly bruised by betting against GameStop is still struggling after ending the first half with a 46% loss, report says
The New York-based hedge fund, which suffered a 53% loss in January from the Reddit-trader short sq…
Shalini Nagarajan
2 mins read
The hedge fund that lost more than 50% in a single month betting against GameStop closed out of its public short positions in the 1st quarter
Melvin Capital sold all its publicly listed put options in the first three months of the year, incl…
Natasha Dailey
2 mins read
The hedge fund that lost nearly $7 billion betting against stocks like GameStop is raising cash for a new long-only fund
Melvin is raising money for a fund that bets stocks will rise, not fall, in a move away from the st…
Shalini Nagarajan
1 min read
GameStop short-seller Melvin Capital suffered a 49% loss in the 1st-quarter after being hit by the Reddit-fanned trading frenzy
The hedge fund lost 53% in January, gained 22% in February, and then slid another 7% in March.
Shalini Nagarajan
2 mins read
The hedge fund that lost more than 50% on GameStop's stock surge is facing 9 lawsuits from retail investors alleging conspiracy to restrict trading
One lawsuit said that buying restrictions were imposed only on retail investors, not institutions, …
Isabelle Lee
2 mins read
Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga leaves it in a deep hole
The gain for Melvin Capital came after Gabe Plotkin's hedge fund lost 53% in January when day-trade…
Harry Robertson
1 min read
Gabe Plotkin, whose GameStop short bets led to a 53% January loss for his hedge fund, told Congress he's been short Tesla in the past
Amid the GameStop short-squeeze last month, Elon Musk tweeted, "Gamestonk!!" with a link to Reddit'…
Matthew Fox
1 min read
The hedge fund that lost 53% in January betting against GameStop bought $1.3 billion of Facebook stock in the 4th quarter
Assuming Melvin Capital still owns its full Facebook stake, the hedge fund will need much stronger …
Isabelle Lee
1 min read
The hedge funder whose GameStop short bets led to a 53% January loss took home $846 million in 2020
Gabe Plotkin's Melvin Capital was at the center of the GameStop drama that dominated market headlin…
Isabelle Lee
1 min read
The firms of billionaire investors Steve Cohen and Ken Griffin pour $2.8 billion into a GameStop short-seller that's lost 30% this year
Melvin Capital is down 30% this year as day traders have bid up stocks including GameStop and Bed B…
Theron Mohamed
1 min read
The GameStop saga is getting a movie. Seth Rogen is cast as Wall Street Bets' most reviled hedge funder, and Paul Dano will play meme-stock hero Roaring Kitty.
The movie also stars Pete Davidson who plays a pot-smoking retail trader that bought shares in Game…
Matthew Fox
2 mins read
Hedge fund giant Tiger Global has reportedly lost 52% this year as tech losses accelerated in May
"Our team remains maximally motivated to earn back recent losses," the hedge fund wrote in an inves…
Matthew Fox
3 mins read
The SEC says positive sentiment from Reddit day traders, not short covering, was the biggest driver of GameStop's wild stock surge. Here are the 5 main takeaways from the report.
"It was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price apprec…
Shalini Nagarajan
2 mins read
One hedge fund that bet against GameStop is closing its doors after taking double-digit percent losses from the meme stock's rally
Its decision to close down is unrelated to the battle between individual investors and hedge funds …
Shalini Nagarajan
4 mins read
Despite the GameStop saga and Archegos implosion, banks and hedge funds had a blowout quarter. This is how they did it.
Wall Street profited massively from a volatile three months, with red-hot results at banks and the …
Harry Robertson
1 min read
Dow plunges 467 points as Powell comments trigger fresh tech sell-off
US stocks were lower on Thursday as investors grappled with rising interest rates and continued wea…
Matthew Fox
2 mins read
Dow plunges 346 points as Fed Chairman Jerome Powell preaches 'patience' on inflation spike
Technology stocks led the decline on Thursday as rising interest rates supported the continued rota…