Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Ray Dalio, Leon Cooperman, Fiserv Inc (FISV), Bumble Inc (BMBL), and More
Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s
Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.
Members of the Reddit forum leveled “profane and racist” slurs at Melvin Capital founder Gabe Plotkin, according to the hedge fund manager’s testimony to Congress.
Gabe Plotkin told Congress he s been short Tesla stock in the past businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
Chase Coleman III, 45, topped Bloomberg s annual list of the top-earning hedge fund managers
He heads Tiger Global Management, which had invested in tech firms including Peloton and Zoom whose stocks soared amid the pandemic
Collectively, the 2020 earnings of the 15 hedge fund managers on the list is more than the GDP of Iceland or Zambia
They logged big gains even as the global economy was battered by the virus and accompanying lockdowns
No. 15 on 2020 s list, Gabe Plotkin, hasn t fared so well this year: He s lost more than $460 million personally in his bets against GameStop