Cohen’s Point72 to Redeem $750 Million from Melvin Capital Management

Posted on 03/12/2022

Point72 Asset Management, which is owned by hedge fund honcho Steve Cohen, plans to redeem US$ 750 million from Melvin Capital. The redemptions will happen over time. Melvin Capital Management LP is a registered investment advisor founded in 2014 by Gabriel Plotkin. Near the end of 2021, Citadel requested some of its funds back from…

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