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$400 Million Gabe Plotkin Net Worth: Gabriel Gabe Plotkin is an American hedge fund manager who has a net worth of $400 million. Gabe is best-known for being the founder of Melvin Capital Management which had a public spat with a community of redditers in 2021 over the company GameStop. He graduated from Northwestern University with an Economics degree in 2001. After college he went to work at the hedge fund Citadel LLC. He also worked for a Connecticut-based hedge fund called North Sound Capital and SAC Capital. SAC Capital: At SAC Capital he managed a fund of consumer stocks worth $1.3 billion. According to federal prosecutors, at some point during his time at SAC Capital Gabriel was the recipient of insider information. In court filings, Plotkin was the so-called Portfolio Manager B and reportedly was forwarded a number of emails from a fellow portfolio manager that the SEC considered inside information. ....
BAILED: Citadel and Point72 to Provide $2.75 Billion for Melvin Capital Posted on 01/25/2021 Hedge fund Melvin Capital had suffered massive losses on its shorts and margin calls. Melvin Capital is set to receive a US$ 2.75 billion capital injection from hedge fund giants Citadel and Point72 Asset Management and other investors. Citadel put it in US$ 2 billion, while Point72 put in US$ 750 million. Melvin Capital founder Gabriel (Gabe) Plotkin is a former portfolio manager who worked for Steven Cohen (then SAC Capital Management). The loan investments are in the form of non-controlling revenue shares in the hedge fund. According to the Wall Street Journal, Melvin Capital lost 30% in just the first three weeks of 2021. The hedge fund started 2021 with US$ 12.5 billion in assets under management. ....