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- After incurring losses of around $6.8 billion during the GameStop short squeeze, Melvin Capital Management was financially crippled. Ultimately, despite being bailed out by fellow investment firms Citadel and Point 72, Melvin couldn't recover, announcing its closure in May 2022.
screenrant.com/dumb-money-gabe-plotkin-what-happened/What Happened To Gabe Plotkin After Dumb Money - Screen Rant
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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.
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May 18, 2022 · Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent...
May 18, 2022 · (Reuters) -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...
May 18, 2022 · Gabe Plotkin told investors Wednesday that he was closing his hedge fund. Melvin Capital managed $7.5 billion in the fund, which was down 23% through April.
Sep 16, 2023 · Here's what happened to Gabe Plotkin and Melvin Capital after the events of 'Dumb Money' — the new film about the 2021 GameStop short squeeze.
May 19, 2022 · Once a darling of Wall Street, Gabe Plotkin’s Melvin Capital announced that it would shut down and liquidate all of its positions. At the end of April, the hedge fund had $7.8 billion...
May 19, 2022 · Gabe Plotkin's Melvin Capital hedge fund plans to return money to its investors and shut down later this year, Bloomberg first reported on Wednesday.
