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Gabe Plotkin (born 1978) is an American businessman, the founder and chief investment officer of former Melvin Capital Management and Tallwoods Capital LLC, and co-chairman of the Charlotte Hornets.
- 1978 or 1979 (age 44–45), Portland, Maine, US
- Hedge fund manager
- Northwestern University (B.A.)
Jan 22, 2024 · Gabe Plotkin is the founder of Melvin Capital, which lost billions in the GameStop short squeeze. Learn about his new investment company, his NBA team purchase, and his estimated net worth after the movie Dumb Money.
- Craig Gillespie
- Features Editor
- Paul Dano
Sep 16, 2023 · Gabe Plotkin, the former hedge fund manager who ran Melvin Capital and lost 53% of his portfolio in the 2021 GameStop short squeeze, is now an owner of the Charlotte Hornets. He followed in the footsteps of Michael Jordan, who also bought a stake in the team in 2022. Learn how he got rich from the 2021 surge in GameStop stock and how he changed his career.
It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather. On May 18, 2022, Plotkin announced that the fund would close and return any remaining customer funds by June 2022. Assets under management in April 2022 were about $7.8 billion.
- 2014; 9 years ago
- New York City, U.S.
Gabriel Plotkin is a hedge fund manager who founded Melvin Capital in 2014. He was one of the highest-earning hedge fund managers in 2017, but dropped off the list in 2019. See his profile, earnings, and related articles on Forbes.
Gabe Plotkin is a co-owner and co-governor of the NBA team Charlotte Hornets since 2023. He is also the founder and CIO of Tallwoods Capital, a family office that invests in public and private equity and real estate.
- Charlotte Hornets
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Gabe Plotkin is the founder and managing partner of Tallwoods Capital, a family office that invests in consumer-facing industries. He was the founder and CIO of Melvin Capital Management, a multi-billion equity long short fund, before joining Tallwoods.
