Gabe Plotkin’s hedge fund Melvin Capital shut its doors this week

Melvin Capital, a hedge fund run by Gabe Plotkin that struggled heavily with losses last year and never quite recovered from the GameStop short squeeze in 2021, is closing its doors. Melvin Capital wa...

Melvin Capital says it plans to unwind funds

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Imag...

Miami Dolphins Sign Melvin Ingram, Another Former Kansas City Chiefs Starter

Melvin Ingram of the Kansas City Chiefs sacks Josh Allen of the Buffalo Bills during the second … [+] quarter of the AFC Divisional Playoff game at Arrowhead Stadium on Jan. 23, 2022. (Photo by ...

With New Manager Bob Melvin, San Diego Padres Put 2021 Collapse Behind

San Diego Padres manager Bob Melvin gives signals from the dugout steps during the first inning of … [+] the team’s baseball game against the Pittsburgh Pirates in Pittsburgh, Saturday, Ap...

Melvin Capital weighs unwinding current fund to start new one: Sources

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Imag...

Steve Cohen’s Point72 to Redeem $750 Million From Hedge Fund Melvin

(Bloomberg) — Steve Cohen’s Point72 Asset Management is pulling the $750 million it invested in Melvin Capital Management. Most Read from Bloomberg Point72 will be redeeming the money in portion...

Opinion: Meme stocks soar on bad news for Melvin Capital and Russia’s invasion of Ukraine

Shares in GameStop GME, +8.45% closed up 8.5% Thursday, while stock in AMC Entertainment AMC, +12.40% soared 12.4% as retail investors digested global unrest and some trouble for one —or maybe two— Wa...

Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.

Gabe Plotkin wasn’t sleeping. His bets against meme stocks such as GameStop Corp. GME 4.69% were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers ...

The Kansas City Chiefs Are Revitalized By Former Pittsburgh Steeler Melvin Ingram

Kansas City Chiefs defensive end Melvin Ingram will again face his former team, the Pittsburgh … [+] Steelers, in the playoffs. (Photo by Nick Tre. Smith/Icon Sportswire via Getty Images) Icon S...