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Plotkin s Melvin Capital Extends First-Quarter Losses to 49%

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 decline extend to 49%. Popular Searches The fund slid 7% last month, reversing a gain of almost 22% the month before, according to people with knowledge of the matter. In January, the fund dropped 53%.

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