{"id":50771,"date":"2015-11-25T11:48:46","date_gmt":"2015-11-25T16:48:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50771"},"modified":"2015-11-25T11:48:46","modified_gmt":"2015-11-25T16:48:46","slug":"melvin-capital-turning-in-one-of-top-performances-for-2015","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2015\/melvin-capital-turning-in-one-of-top-performances-for-2015.html","title":{"rendered":"Melvin Capital Turning in One of Top Performances for 2015"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 While a number of well-known hedge funds have struggled throughout 2015, one fund that isn\u2019t struggling is Melvin Capital. Through the end of October, the fund is up almost 40 percent according to a recent article from CNBC.<\/p>\n<p>The fund focuses on consumer stocks and has approximately $1.5 billion in assets under management. Melvin is managed by Gabriel Plotkin, a former trader and investment manager at SAC Capital. The fund started trading in 2014 and was backed partially by former SAC founder and owner Steve Cohen.<\/p>\n<p>CNBC used data from Symmetric, an industry data provider, and it stated the main reasons for the fund\u2019s performance were holdings in Amazon (Nasdaq: AMZN), Constellation Brands (NYSE: STZ), Alphabet (Nasdaq: GOOGL) and Expedia (Nasdaq: EXPE). Amazon is up over 115 percent and it is the largest holding for Melvin. Constellation and Alphabet are both up approximately 45 percent and Expedia is up 43 percent. <\/p>\n<p>The return has more than tripled the return of Point72, the family office that took the place of SAC Capital, which is up a respectable 12 percent this year. <\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 While a number of well-known hedge funds have struggled throughout 2015, one fund that isn\u2019t struggling is Melvin Capital. Through the end of October, the fund is up almost 40 percent according to a recent article [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-50771","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50771"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50771\/revisions"}],"predecessor-version":[{"id":50772,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50771\/revisions\/50772"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}