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14 Item 14: Client Referrals and Other Compensation ....................................................................... 14 Item 15: Custody ............................................................................................................................ 15 Item 16: Investment Discretion ...................................................................................................... 15 Item 17: Voting Client Securities .

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Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down. The firm lost billions of dollars as it scrambled to cover its bets against the video game retailer that became a darling of retail traders. As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

When the stock took off– along with other shares Melvin was shorting — it erased about $7 billion of the hedge fund's capital in January 2021, a path it never recovered from.

But losses by two major hedge funds, Tiger Global and Third Point, got them kicked them off the list for 2022. Tiger Global's Chase Coleman appears to be the biggest loser.

Melvin Capital lost about $7 billion betting against GME.

Both billionaire investors have since wound down their investment in Melvin Capital as Plotkin's underperformance has lingered. The fund was down 21% at the end of the first quarter of 2022, ing to CNBC. That's after suffering a 39% loss in 2021.

The firm lost billions of dollars as it scrambled to cover its bets against the video game retailer that became a darling of retail traders.

Melvin Capital lost about $7 billion betting against GME.

Melvin Capital is Shutting Down, But the SEC is Probing Its Meme Stock Nightmare.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232