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Page 12 - Gabe Plotkin Melvin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Ray Dalio, Leon Cooperman, Fiserv Inc (FISV), Bumble Inc (BMBL), and More

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.

Melvin Capital Added to GameStop Shorts as WallStreetBets Took Aim

Chase Coleman III named world s top hedge fund manager

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 

Steve Cohen s Point72 Raises $1 5 Billion After Melvin Capital Infusion

Steve Cohen’s Point72 Raises $1.5 Billion After Melvin Capital Infusion Bloomberg 2/3/2021 © Bloomberg Steve Cohen, chairman and chief executive officer of Point72 Asset Management. (Bloomberg) Steve Cohen’s Point72 Asset Management has opened to new cash and raised more than $1.5 billion in commitments in a matter of days, according to people familiar with the matter. Popular Searches The move comes after the hedge fund provided $750 million in emergency cash to Gabe Plotkin’s Melvin Capital, which was struggling with GameStop Corp. and other short bets gone sour. Citadel’s hedge funds, along with founder Ken Griffin and his firm’s partners, put $2 billion into Melvin. By the end of last month, Melvin sunk 53% after retail investors banded together online to push up the prices of GameStop and other popular targets of short-sellers.

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