Melvin Capital Has a Tough First Quarter of 2021
Posted on 04/10/2021
Founded by Gabe Plotkin, Melvin Capital gained wide notoriety as the hedge fund in the middle of the GameStop WSB trading frenzy. Melvin Capital lost 49% on its investments in the first quarter of 2021. Melvin Capital lost 7% in March 2021. Melvin Capital ended January with a 53% loss on its investments in January 2021. The performance data is being reported by Bloomberg.
Many users on Reddit’s r/WallStreetBets had animosity toward Melvin Capital due to its short position in GameStop.