(Business Insider) Former SAC Capital star portfolio manager Gabe Plotkin had a monster first year running his own hedge fund.Melvin Capital, a $1.5 billion long/short equity hedge fund, finished 2015 up an impressive 47%, according to Bloomberg News’ ranking of top-performing hedge funds with $1 billion or more in assets under management.
Those returns place Melvin Capital as the No. 2 fund for 2015, the Bloomberg ranking shows.Hedge funds on average fell about 3.64% in 2015, according to data from Hedge Fund Research.Melvin Capital’s largest long positions were McDonald’s, Dollar Tree, Domino’s Pizza, Royal Caribbean Cruises, Signet Jewelers, Constellation Brands, Lowe’s, Advance Autoparts, Facebook, Visa, and Amazon, according to the most recent 13F data for the fourth quarter, which ended December 31.
