Event

Melvin Capital wind-down

In a letter of 18 May 2022, founder Gabe Plotkin told investors that Melvin Capital would unwind its funds and return capital to them.

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Melvin Capital, founded by Gabe Plotkin, announced in May 2022 that it would wind down.

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Melvin Capital hedge fund that said it would unwind its funds and return cash to investors Scholarship & press 1
CNBC reports the fund was down 21% at the end of the first quarter of 2022.
Gabe Plotkin founder; wrote to investors that he would step away from managing external capital Scholarship & press 1

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Melvin Capital says it's winding down funds and returning money to investors during market turmoil, CNBC, 18 May 2022. Scholarship & press
Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year, CNBC confirmed.
I have given everything I could, but more recently that has not been enough to deliver the returns you should expect. I now recognize that I need to step away from managing external capital.

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