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Posted on: April 13, 2020, 12:31 p.m.
Gabriel Plotkin, formerly a top trader for Steve Cohen’s Point72, put out his own shingle in 2014, opening Melvin Capital with $1 billion in seed money. Since then, Melvin has achieved high annual returns, hitting 47% in its first year of operations and 41% in 2017. Plotkin’s fund is consistently among the highest performers in the industry. According to its last 13F, Melvin Capital has over $7.7 billion in assets under management.The largest holding in Melvin’s portfolio is Amazon, of ... Full investment news articleRelevent to this post: Wells Fargo & Company Public School and Education Employee Retirement Systems of Missouri,