Hedge fund Melvin Capital tells investors it plans to shut down -letter

CNBC

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Individual: Roberts Family

Melvin Capital says it's winding down funds and returning money to investors during market turmoil

Melvin Capital, the hedge fund crushed last year after betting against GameStop, said it will unwind its funds and return cash to investors.

IBTimes

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Media Conglomerate: IBT Media

Hedge Fund Melvin Capital Tells Investors It Plans To Shut Down -letter

Hedge fund manager Gabe Plotkin, who boasted one of Wall Street's best investing records, on Wednesday told investors that he is shutting down his firm, Melvin Capital, after it suffered billions of dollars in losses.

Financial Post

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Individual: Leon Cooperman

Corporation: Allianz

Hedge fund Melvin Capital tells investors it plans to shut down -letter

Hedge fund manager Gabe Plotkin, who boasted one of Wall Street's best investing records, on Wednesday told investors that he is shutting down his firm, Melvin Capital, after it suffered billions of dollars in losses. Read More

Bloomberg

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Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Hedge fund Melvin Capital tells investors it plans to shut down -letter

Business Insider

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Private Equity: Kohlberg Kravis Roberts

Here's what Melvin Capital founder Gabe Plotkin told investors as he liquidates his $7.5 billion hedge fund

A onetime industry star, Plotkin lost billions last year betting against retail traders' favorites, such as GameStop.