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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.
May 18, 2022 · Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down. The firm lost billions of dollars as it scrambled to cover its bets against the video game retailer that became a...
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....
Melvin Capital invested primarily in technology and consumer stocks and was noted for its high annual returns in comparison to other hedge funds. [3] [4] It was reported to have $8 billion in AUM as of January 2021. [5]
Aug 11, 2022 · Melvin suffered more losses earlier this year during the tech rout, and the SEC reportedly is investigating what exactly the hedge fund told clients about risks in its investment strategy.
Aug 21, 2021 · Citadel has notified Melvin of its plans to retrieve $500 million of the $2 billion it injected in late January, according to two people briefed on the matter, who were not authorized to speak...
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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...
