Tag: Melvin Capital
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Melvin Capital Management LP is shutting down, according to a report from Bloomberg that broke last night. The once highflying hedge fund was badly burned by short positions in meme stocks like AMC Entertainment Holdings, Inc. and GameStop Corp in 2021. This year, it lost a further 20% of its…
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Citadel LLC added tens of millions of dollars to its option bet on AMC Entertainment Holdings, Inc. in the most recent quarter. Its net bullish position increased from $90 million to $125 million, according to an SEC report released yesterday. It also built a bullish position in GameStop Corp. options…
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+ Business+ AMC, Citadel, Finance, Gamestop, Investing, Melvin Capital, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Just after announcing plans to re-institute performance fees, failing hedge fund Melvin Capital has backtracked. From the Financial Times: The US-based firm, which lost 53 per cent in January last year after betting against retail investor favourite GameStop, had written to investors only last week with plans to remove a…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Melvin Capital, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Tremendous 