Today news
About the same in other media
Hedge fund Melvin Capital scraps plans to restart charging performance fees
Reading now: 270
Gabe Plotkin scrapped a plan to start charging performance fees again at his beleaguered hedge fund, Melvin Capital Management, after encountering backlash from investors.
Plotkin on 21 April told clients he planned to shrink the size of Melvin’s hedge fund by several billion, to $5bn, and resume charging performance fees even though his investors are still sitting on steep losses. Those who had been invested at the start of 2021 have lost 51.8% through March, after a big hit Melvin suffered in January of last year due to...
Read more on fnlondon.comAbout this in other media
Hedge fund winners and losers emerge in brutal tech-driven sell-off cnbc.com /2 years ago
FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund cointelegraph.com /2 years ago
Nous Launches World's 1st Decentralised Hedge Fund blockchain.news /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
