Hints and tips:
...Gabe Plotkin, the New York-based firm’s founder, told clients that he plans to return cash to investors after a difficult stretch....
...Gabe Plotkin, the New York-based firm’s founder, told clients that he planned to return cash to investors after a difficult stretch....
...In the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive...
...Gabe Plotkin, the New York-based firm’s founder, told clients he planned to return cash to investors after a difficult stretch....
...During that month it took an emergency cash injection of $2.75bn from Ken Griffin’s Citadel and Cohen’s Point72....
...During that month it took an emergency cash injection of $2.75bn from Ken Griffin’s Citadel and Cohen’s Point72. Melvin’s move was first reported by the New York Post. laurence.fletcher@ft.com...
...AMC entered the pandemic with more than $4.5bn in debt and more than $450m in deferred lease payments, but its soaring share price has helped it raise cash and survive the pandemic....
...Gabe Plotkin’s hedge fund manager Melvin Capital, which small traders cast as the villain of the memestock saga, has told clients it will wind down its funds....
...Melvin Capital Management, the hedge fund that lost billions of dollars in last year’s meme-stock rally, has told clients that it is winding down its funds, according to a letter to investors seen by DD....
...Melvin Capital to wind down funds The hedge fund founded by Gabe Plotkin that lost billions of dollars during last year’s meme-stock rally, has told clients it plans to return cash to investors after a difficult...
...The concept took hold, but the utopian dream was lost as developers — among them Melvin Simon, co-founder of Simon Property Group, which remains the largest mall owner in the US — realised that they could...
...Reddit-led buying of meme stocks such as GameStop earlier this year caught some funds off guard, notably Melvin Capital, which is still down about 40 per cent this year....
...The continent has been slow to develop tech unicorns, but can Silicon Valley’s creativity and cash spark a winning streak?...
...The New York-based hedge fund sustained a $4.5bn fall in its assets from the end of last year to $8bn, even after a $2.75bn cash injection from Steve Cohen’s Point72 Asset Management and Ken Griffin’s Citadel...
...Melvin took an emergency cash injection of $2.75bn from two other hedge funds — $750m from Cohen’s Point72 Asset Management and $2bn from Ken Griffin’s Citadel — to deal with the losses and top up the fund...
...Cenovus is a Canadian oil producer that is churning out cash right now because of high oil prices....
...The New York firm, founded by Gabe Plotkin, a protégé of Point72 founder Steve Cohen, was forced earlier this week to seek a $2.75bn cash injection from its larger rivals Citadel and Point72, after it had...
...Point72 took in the new cash to take advantage of investment opportunities, according to a person familiar with the company....
...collateral from its equities clearinghouse exceeded the capital it had on hand for regulatory purposes, leading to the National Securities Clearing Corporation demanding a total of about $3bn in additional cash...
...Investors in Melvin suffered significant losses. It is now our job to earn it back.”...
...Robinhood, a popular broker for day traders, required a cash injection from shareholders to withstand the demands placed on it by its clearing house....
...(New York Post) Barriers to entry US payments groups, including Mastercard, were elated when India’s prime minister Narendra Modi pushed for more electronic payments in the cash-dominated country....
...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....
...A shift like this would have a knock-on effect to other financial markets activity, from options trading to securities lending and cash borrowing....
...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...
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