Bloomberg Gabe Plotkin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Plotkin’s Melvin Capital Extends First-Quarter Losses to 49% Bloomberg 21 hrs ago Hema Parmar © Bloomberg Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, U.S., on Monday, May 6, 2019. The conference gathers top investors from around the globe for a day of fresh market insights. (Bloomberg) -- Melvin Capital Management, the once high-flying hedge fund that lost billions of dollars after its bearish wagers were caught up in a Reddit-fueled rally, saw its first-quarter d...

Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.