Melvin R Schield

June 16, 2023

Transcript

Well, actually: Our ‘Dumb Money’ movie review

...And Gabe Plotkin’s Melvin Capital, that happened....

September 21, 2023

FT Live

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Transcript

‘Dumb Money’ writers on the GameStop saga

...on r/superstonk on Reddit where a lot of these people congregate....

October 18, 2023

Hedge funds

Hedge fund that bet against GameStop shuts down

...Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such...

June 22, 2021

InterviewMusic

Soul survivors from Motown’s golden age

...At first they tried recording standards, but Gordy shelved those tracks, wanting something suitable for the R&B market. “We was disappointed,” Fakir says. “And we let him know....

August 30, 2022

News in-depthUS financial regulation

Hedge funds oppose SEC’s reform plans after GameStop debacle

...ideas on bulletin boards such as Reddit’s r/wallstreetbets....

January 17, 2022

FT Live

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Markets

Did FT Alphaville unwittingly fuel the GameStop madness?

...Or more specifically, did an old post from Jamie Powell help bring about the deathly squeeze on Melvin Capital et al?...

June 15, 2021

GameStop Corp

Hedge fund Melvin closes bet against GameStop after Reddit trader onslaught

...Users on the popular Reddit message board r/wallstreetbets have bought shares of the retailer as well as large numbers of call options, which pay out if GameStop shares rise....

January 27, 2021

News in-depthHedge funds

Hedge funds rethink tactics after $12bn hit from meme stock army

...The highest-profile hedge fund casualty has been Melvin Capital, which lost 53 per cent in January and is still down 44.7 per cent this year to May....

June 25, 2021

LexGameStop Corp

GameStop: flash mob vs Wall Street Premium

...Their concerted buying has pushed the stock up 1,700 per cent since the start of the year, forcing short seller Melvin Capital to seek a cash injection from allies....

January 28, 2021

Retail trading

Reddit day trader urges Wall Street probe ahead of GameStop hearing

...“A few weeks ago, we saw the power of community in general and of this community in particular when the traders of r/WallStreetBets banded together at first to seize an investment opportunity not usually...

February 17, 2021

On Wall StreetLaurence Fletcher

Hedge funds resume role as Wall Street’s villains

...Many managers also see double standards or hypocrisy in the way investors on r/WallStreetBets co-ordinated their attack on Melvin, a move they believe would land a hedge fund trader with large fines or a...

February 6, 2021

US equities

Jim Chanos laments politicisation of ‘surreal’ GameStop saga

...Melvin Capital, a $12.5bn hedge fund run by Gabe Plotkin, was forced to seek a $2.75bn cash injection from larger rivals Citadel and Point72 Asset Management, after losing 30 per cent in the first three...

January 30, 2021

ExplainerEquities

GameStop’s wild ride: how Reddit traders sparked a ‘short squeeze’

...And r/WallStreetBets membership continues to grow....

January 29, 2021

US equities

Robinhood heads to the Hill: What to watch at the Congressional hearing

...Co-ordinating their trades in online chat rooms such as r/WallStreetBets, a group of individual investors succeeded in firing up GameStop’s share price, crushing hedge funds that had been betting against...

February 17, 2021

FT Live

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Runaway Markets

Hedge funds rush to get to grips with retail message boards

...Since early 2020, alternative data provider Quiver Quantitative has been scraping data off the now 4.5m-strong Reddit message board r/WallStreetBets, identifying the most talked-about companies, and using...

January 29, 2021

Hedge funds

Hedge funds retreat in face of day-trader onslaught

...,” the user wrote, referring to the popular r/wallstreetbets Reddit page, before adding several rocket ship emojis. Shares in the airline ended the day 7 per cent higher....

January 28, 2021

Retail trading

GameStop shares slide 60% as Reddit rally deflates

...Some traders on the Reddit message board r/WallStreetBets repeated the mantra to “hold the line”, telling other investors who had piled into AMC and GameStop not to sell....

February 2, 2021

US equities

GameStop frenzy helps fuel sharp gains for Morgan Stanley fund

...The hedge fund Melvin Capital, for instance, posted a 53 per cent drop for January that prompted an emergency investment from Point72 Asset Management and Citadel....

February 3, 2021

ETF HubLatest news on ETFs

Silver price hits 8-year high as retail traders take aim

...The rallying call echoed that of other r/WallStreetBets users who last week cheered their success in triggering large losses at Melvin Capital and other hedge funds....

February 1, 2021

Markets InsightKatie Martin

Occupy Wall Street spirit returns as traders upset the elites

...Third, and most disruptive of all: these punters are organised, through various message boards, the main one of which is Reddit's r/wallstreetbets....

January 28, 2021

Lex

Best of Lex: trust issues Premium

...Hedge fund Melvin Capital and Robinhood, the low-cost share trading service used by many WSB traders, both needed capital injections....

January 29, 2021

The Long ViewMichael Mackenzie

Short sellers face the rage of an army of small traders

...Such bullishness courses through the postings on platforms such as Reddit's r/WallStreetBets, which helped drive shares GameStop into the stratosphere....

January 30, 2021

FT Swamp Notes

Flash mobs, financialisation, and the future of liberal democracy Premium

...Those same tools that allowed QAnon to rally followers for insurrection, and r/WallStreetBets to cripple Melvin Capital, also enabled Hong Kong student protesters to organise against Beijing’s repression...

February 1, 2021

Investments

Beware the madness of markets

...Squeezing hedge funds such as Melvin Capital which committed the cardinal error of being stuck in a very crowded trade, has a long history among profession traders....

February 5, 2021

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