Page 68 - Gabe Plotkin News Today

Sponsored Melvin Capital is out of the shorting game — or at least shorts that have to be disclosed publicly.   The New York hedge fund headed by Gabe Plotkin, which was a target of the Reddit crowd earlier this year because it was short GameStop, sold all of its listed put option positions during the first quarter, according to Melvin’s recent 13F filing with the Securities and Exchange Commission. Melvin had already acknowledged covering its GameStop short, following a short squeeze tie...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. D1s Dan Sundheim said Januarys Reddit-driven trading forced him to change his shorting strategy. The firms short positions are now smaller in absolute terms than before January. D1 lost 20% in January after retail investors pumped up the value of AMC, which Sundheim was short. Dan Sundheim is taking Gabe Plotkins advice. Sundheim, the billionaire founder of  ...

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Insider finance: Steve Cohens web of hedge funds ddefrancesco@businessinsider.com (Dan DeFrancesco,Jordan Parker Erb) © Trevor Jones "Bitcoin Bull" by Trevor Jones. Trevor Jones Good morning and welcome to Insider Finance. Im Dan DeFrancesco, and heres whats on the agenda today: Our rising stars of equity research share their best advice for how to launch a career in the industry. Bank of America tech executive Cathy Bessant details why 5G and 3D printing are two tech trends...

WealthHedge fund Melvin Capital lost 49% on its investments in Q1 -source Reuters 2 minutes read Melvin Capital, the hedge fund at the center of the GameStop (GME.N) trading frenzy, lost 49% on its investments during the first three months of 2021, a person familiar with the matter said on Friday. The fund, founded by Gabe Plotkin, lost 7% in March, the source added, speaking on condition of anonymity. A Melvin Capital spokesman declined to comment. Melvin had established itself as a strong pe...

Apr 22 2021, 2:45 AM April 21 2021, 7:32 PM April 22 2021, 2:45 AM (Bloomberg) -- It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasn’t going to dock his team’s pay and then headed back to work. (Bloomberg) -- It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 bi...

Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco Bloomberg 1 hr ago Hema Parmar and Katherine Burton (Bloomberg) -- It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasn’t going to dock his team’s pay and then headed back to work. Popular Searches Now, mere weeks later, the episode is behind him. Sundheim has recou...

Gabe Plotkin’s comeback proves short-lived, much to Steve Cohen and Ken Griffin’s chagrin.

by Tyler Durden Just two questions: i) is Melvin Capital still short Gamestop and ii) how does it still have any clients left? Thats what we would like answered first and foremost after Bloomberg just reported that Gabe Plotkins notorious Melvin Capital Management, best known for being blown up by a bunch of WallStreetBet redittors over its Gamestop short, and which lost billions of dollars requiring a $2.75BN bailout from Ken Griffin and Steve Cohen, ended the first quarter down 49% after dr...

April 10, 2021 at 09:00 AM EDT (MarketWatch) — Melvin Capital is giving the Reddit crowd something to cheer about on a Friday. The hedge fund, which has come to exemplify the worst of Wall Street for a band of individual investors, has rung up a 49% first-quarter loss, according to a report from Bloomberg News on Friday. Melvin Capital has been at the center of a closely watched fracas between the professional investors and amateur traders congregating on social-media forums like ...