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Melvin Capital to Close Funds, Return Cash to Investors
Wall Street Journal ^
| 5/18/2022
| Juliet Chung
Posted on 05/19/2022 5:07:03 AM PDT by wastedyears
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year.
(Excerpt) Read more at wsj.com ...
TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: crime; gamestop; gme; moass
Another hedgie down, many more to go.
To: wastedyears
2
posted on
05/19/2022 5:21:44 AM PDT
by
Theoria
To: Theoria
The price is wrong and fundamentals don’t mean anything.
3
posted on
05/19/2022 5:55:57 AM PDT
by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
To: wastedyears
Diamond hand hodl memers win one.
4
posted on
05/19/2022 6:16:10 AM PDT
by
No.6
To: wastedyears
5
posted on
05/19/2022 8:07:35 AM PDT
by
ArcadeQuarters
(Remember the 2020 backstabbers. No more RINOs ever!)
To: wastedyears
My wife’s boyfriend will rejoice.
6
posted on
05/19/2022 12:02:50 PM PDT
by
rednesss
(fascism is the union,marriage,merger or fusion of corporate economic power with governmental power )
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