Page 79 - Gabe Plotkin News Today

Melvin Capital ends month with over US$8 billion in assets after investors added cash: Source Toggle share menu Advertisement Advertisement Business Melvin Capital ends month with over US$8 billion in assets after investors added cash: Source FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration 31 Jan 2021 11:40PM (Updated: 01 Feb 2021 03:40PM) ...

Analysis: To the brink and back on GameStop - Wall Street vs Reddit Reuters 1/31/2021 © Reuters/CARLO ALLEGRI FILE PHOTO: A GameStop store is pictured in New York By Svea Herbst-Bayliss and Maiya Keidan Popular Searches NEW YORK (Reuters) - On three hours of sleep a night and with no time to eat, one New York-based hedge fund manager overseeing billions in assets called last week the most stressful of his life. "Nothing was making sense anymore," he said, as he watched the stock of GameS...

AP Photo/Richard Drew The story of some Reddit investors on a board called Wall Street Bets crushing a hedge fund has tapered off as the weekend has carried on, though they are promising to resume their mission when trading opens on Monday. RedState has covered the story extensively, including how they targeted GameStop (among other stocks) after Wall Street got way out over their skis shorting the stock in hopes of profiting off its demise (see Reddit Trolls Beat the Stock Market, and the Elit...

By Steve DelVecchio  |  Last updated 1/31/21 New York Mets owner Steve Cohen had been very active on social media since he purchased the team last year, but he is taking a break from Twitter after finding his name at the center of some Wall Street drama. Cohen said in a statement on Saturday night that he has deactivated his Twitter account after his family received “personal threats.” He said the threats were unrelated to the Mets, and it is obvious he was talking about ...

Share: The hedge fund Melvin Capital, which has been at the heart of the GameStop frenzy, lost about 53% in January, The Wall Street Journal has reported.  What Happened: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin ended January with more than $8 billion in assets, after starting the year with roughly $12.5 billion, according to WSJ. The $8 billion includes $2.75 billion in funds that Citadel LLC and Cohen’s Point72 Asset Management put into the hed...

“I’ve really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats,” Cohen said in a statement Saturday. “So I’m going to take a break for now. We have other ways to listen to your suggestions and remain committed to doing that. “I love our team, this community, and our fans, who are the best in baseball. Bottom line is that this week’s events in no wa...

“Meet the Mets?” More like “Delete the Mets.” After he bought the New York Mets for over $2 billion last year, Steve Cohen took to Twitter to interact directly with fans. He’d ask what they’d like to see as part of the gameday experience, offered up insight based on team transactions, and teased potential uniform tweaks. It was all in good fun. But when you buy the New York Mets, you learn very quickly that fun isn’t part of the transaction. Cohen learned that lesson as soon as th...

2021/01/30 12:20 FILE - In this May 7, 2020 file photo, a GameStop store is seen in St. Louis. Two hedge funds are bowing out of their short positions on the money-los... FILE - In this May 7, 2020 file photo, a GameStop store is seen in St. Louis. Two hedge funds are bowing out of their short positions on the money-losing video game retailer. Citron Research’s Andrew Left said in a video posted on YouTube that his company is going to become more judicious in shor...

Mets owner Steve Cohen spoke out on Saturday after appearing to quit Twitter Said his family had received threats due to misinformation circulating online   Cohens Point72 stepped in this week to bail out a firm buffeted by GameStop Cohen had seemed to be enjoying the discussion about the wild trading week But he was subjected to furious tirade by Barstool Sports founder Dave Portnoy Cohen was the mentor of hedge funder who bet against GameStop shares His Point72 injected $750 million into sh...

Multiple prominent Jewish money managers are involved, and online anti-Semites have noticed.