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  1. 05-18-2022, 10:10 PM #1
    Charles Prestridge
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    Melvin Capital shutting down - losses too high

    https://apple.news/AiYKZMLUvQxavTN0fq-65Iw

    Big fall for the hedge fund.
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  2. NitroZ7
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    #2 05-19-2022, 10:26 AM
    Not to worry. Gabe Plotkin will be fine. He bough a very expensive home las year in Miami so he really just wants to enjoy his liesure time
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  3. Charles Prestridge
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    #3 05-19-2022, 11:07 AM
    No doubt him and his big investors will be fine. 401k funds, pension funds, and smaller investors will take the losses.

    I imagine Citadel and Point72 made arrangements to minimize their losses.
    Last edited by Charles Prestridge; 05-19-2022 at 11:44 AM.
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