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| '''Melvin Capital Management''' is a New York City-based investment management firm founded in 2014 by Gabriel Plotkin.<ref name="goldstein">{{cite news |last1=Goldstein |first1=Matthew |title=A Former Top SAC Capital Trader Names New Hedge Fund |url=https://dealbook.nytimes.com/2014/08/15/a-former-top-sac-capital-trader-names-new-hedge-fund/ |accessdate=21 July 2019 | |
'''Melvin Capital Management''' is a New York City-based investment management firm founded in 2014 by Gabriel Plotkin.<ref name="goldstein">{{cite news |last1=Goldstein |first1=Matthew |title=A Former Top SAC Capital Trader Names New Hedge Fund |url=https://dealbook.nytimes.com/2014/08/15/a-former-top-sac-capital-trader-names-new-hedge-fund/ |accessdate=21 July 2019 |work=] |date=15 August 2014}}</ref> It invests primarily in tech and consumer stocks and is reported to have $7 billion in assets under management, as of June 2019.<ref name="saacks">{{cite news |last1=Saacks |first1=Bradly |title=One of this year's top hedge funds has been $7 billion Melvin Capital run by a former top money-maker for Steve Cohen |url=https://www.businessinsider.com/gabe-plotkins-fund-melvin-capital-returns-2019-6 |accessdate=15 July 2019 |publisher=] |date=28 June 2019}}</ref> | ||
| ==History== | ==History== | ||
| Plotkin founded Melvin Capital in late 2014, naming the fund after his late grandfather who was a small-business owner.<ref name="goldstein"/> He raised nearly $1 billion dollars.<ref name="saacks"/><ref name="alden">{{cite news |last1=Alden |first1=William |last2=Goldstein |first2=Matthew |title=Seeing Value After a Plunge, Hedge Funds Bet on Energy Stocks |url=https://dealbook.nytimes.com/2015/02/17/hedge-funds-offer-peek-at-their-holdings/ |accessdate=15 July 2019 | |
Plotkin founded Melvin Capital in late 2014, naming the fund after his late grandfather who was a small-business owner.<ref name="goldstein"/> He raised nearly $1 billion dollars.<ref name="saacks"/><ref name="alden">{{cite news |last1=Alden |first1=William |last2=Goldstein |first2=Matthew |title=Seeing Value After a Plunge, Hedge Funds Bet on Energy Stocks |url=https://dealbook.nytimes.com/2015/02/17/hedge-funds-offer-peek-at-their-holdings/ |accessdate=15 July 2019 |work=] |date=17 February 2015}}</ref> | ||
| In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in ] 2015 list of top-performing funds with $1 billion or more in assets under management.<ref name="foxman">{{cite news |last1=Foxman |first1=Simone |title=This SAC Alum Stands Out in Hedge Fund Rankings |url=https://www.bloomberg.com/news/articles/2016-02-23/sac-alumni-make-cohen-proud-as-plotkin-s-fund-shines-in-ranking |accessdate=15 July 2019 |publisher=] |date=23 February 2016}}</ref><ref name="rankings">{{cite web |url=https://www.bloomberg.com/professional/blog/hedge-fund-rankings-2015/ |title=Hedge fund rankings 2015 |date=29 February 2016 |website=] |access-date=15 July 2019}}</ref> | In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in ] 2015 list of top-performing funds with $1 billion or more in assets under management.<ref name="foxman">{{cite news |last1=Foxman |first1=Simone |title=This SAC Alum Stands Out in Hedge Fund Rankings |url=https://www.bloomberg.com/news/articles/2016-02-23/sac-alumni-make-cohen-proud-as-plotkin-s-fund-shines-in-ranking |accessdate=15 July 2019 |publisher=] |date=23 February 2016}}</ref><ref name="rankings">{{cite web |url=https://www.bloomberg.com/professional/blog/hedge-fund-rankings-2015/ |title=Hedge fund rankings 2015 |date=29 February 2016 |website=] |access-date=15 July 2019}}</ref> | ||
| In 2017, the fund finished up 41%.<ref name="vardi">{{cite news |last1=Vardi |first1=Nathan |title=The 25 Highest-Earning Hedge Fund Managers And Traders |url=https://www.forbes.com/sites/nathanvardi/2018/04/17/the-25-highest-earning-hedge-fund-managers-and-traders-3/#4058a0283596 |accessdate=15 July 2019 | |
In 2017, the fund finished up 41%.<ref name="vardi">{{cite news |last1=Vardi |first1=Nathan |title=The 25 Highest-Earning Hedge Fund Managers And Traders |url=https://www.forbes.com/sites/nathanvardi/2018/04/17/the-25-highest-earning-hedge-fund-managers-and-traders-3/#4058a0283596 |accessdate=15 July 2019 |work=] |date=17 April 2018}}</ref> Current notable investments include ], ], ], and ].<ref >{{cite web|title=Melvin Capital - Current Investments |url=https://fintel.io/i/melvin-capital-management-lp |accessdate=10 October 2019 |publisher=Fintel.io}}</ref> | ||
| Prior to starting Melvin Capital, Plotkin was a trader at ] where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion.<ref name="goldstein"/> According to ''The Wall Street Journal'', about one-third of the gains in 2019 from Steve Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP.<ref name="levy">{{cite news |last1=Levy |first1=Rachael |title=An Outside Hedge Fund Is Driving Steve |
Prior to starting Melvin Capital, Plotkin was a trader at ] where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion.<ref name="goldstein"/> According to ''The Wall Street Journal'', about one-third of the gains in 2019 from Steve Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP.<ref name="levy">{{cite news |last1=Levy |first1=Rachael |title=An Outside Hedge Fund Is Driving Steve Cohen's Gains|url=https://www.wsj.com/articles/an-outside-hedge-fund-is-driving-steve-cohens-gains-11565004717 |accessdate=10 August 2019 |publisher=] |date=5 August 2019}}</ref> | ||
| In September ] the name of company showed in Polish Registry of short term sale (Rejestr Krótkiej Sprzedaży), owned by KNF in case of ], with netto position being 0,55 percent of CD Projekt on Polish stock exchange(GPW).<ref>https://stooq.pl/mol/?id=14901</ref> | In September ] the name of company showed in Polish Registry of short term sale (Rejestr Krótkiej Sprzedaży), owned by KNF in case of ], with netto position being 0,55 percent of CD Projekt on Polish stock exchange(GPW).<ref>https://stooq.pl/mol/?id=14901</ref> | ||
Revision as of 04:58, 20 October 2020
Investment management firm| Company type | Limited liability company |
|---|---|
| Industry | Investment Management |
| Founded | 2014 |
| Headquarters | New York, New York, United States |
| Key people | Gabriel Plotkin, Founder and Chief Investment Officer |
| AUM | US$7 billion (June 2019) |
| Website | www |
Melvin Capital Management is a New York City-based investment management firm founded in 2014 by Gabriel Plotkin. It invests primarily in tech and consumer stocks and is reported to have $7 billion in assets under management, as of June 2019.
History
Plotkin founded Melvin Capital in late 2014, naming the fund after his late grandfather who was a small-business owner. He raised nearly $1 billion dollars.
In its first full year in operation, Melvin Capital had returns of 47%, ranking it 2nd in Bloomberg’s 2015 list of top-performing funds with $1 billion or more in assets under management.
In 2017, the fund finished up 41%. Current notable investments include Chewy.com, Amazon.com, Las Vegas Sands, and Alibaba.
Prior to starting Melvin Capital, Plotkin was a trader at SAC Capital where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion. According to The Wall Street Journal, about one-third of the gains in 2019 from Steve Cohen’s current hedge fund, Point72, came from Melvin Capital Management LP.
In September 2020 the name of company showed in Polish Registry of short term sale (Rejestr Krótkiej Sprzedaży), owned by KNF in case of CD Projekt, with netto position being 0,55 percent of CD Projekt on Polish stock exchange(GPW).
References
- ^ Goldstein, Matthew (15 August 2014). "A Former Top SAC Capital Trader Names New Hedge Fund". The New York Times. Retrieved 21 July 2019.
- ^ Saacks, Bradly (28 June 2019). "One of this year's top hedge funds has been $7 billion Melvin Capital run by a former top money-maker for Steve Cohen". Business Insider. Retrieved 15 July 2019.
- Alden, William; Goldstein, Matthew (17 February 2015). "Seeing Value After a Plunge, Hedge Funds Bet on Energy Stocks". The New York Times. Retrieved 15 July 2019.
- Foxman, Simone (23 February 2016). "This SAC Alum Stands Out in Hedge Fund Rankings". Bloomberg News. Retrieved 15 July 2019.
- "Hedge fund rankings 2015". Bloomberg. 29 February 2016. Retrieved 15 July 2019.
- Vardi, Nathan (17 April 2018). "The 25 Highest-Earning Hedge Fund Managers And Traders". Forbes. Retrieved 15 July 2019.
- "Melvin Capital - Current Investments". Fintel.io. Retrieved 10 October 2019.
- Levy, Rachael (5 August 2019). "An Outside Hedge Fund Is Driving Steve Cohen's Gains". The Wall Street Journal. Retrieved 10 August 2019.
- https://stooq.pl/mol/?id=14901
External links
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