{"id":81588,"date":"2022-05-19T01:33:17","date_gmt":"2022-05-19T05:33:17","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81588"},"modified":"2022-05-19T01:34:21","modified_gmt":"2022-05-19T05:34:21","slug":"melvin-capital-says-its-winding-down-funds-and-returning-money-to-investors-during-market-turmoil","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/melvin-capital-says-its-winding-down-funds-and-returning-money-to-investors-during-market-turmoil.html","title":{"rendered":"Melvin Capital says it\u2019s winding down funds and returning money to investors during market turmoil"},"content":{"rendered":"\n<p>(CNBC) Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year.\u201c The past 17 months has been an incredibly trying time for the firm and you, our investors,\u201d founder Gabe Plotkin wrote in a letter to investors. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/18\/melvin-capital-says-it-plans-to-unwind-funds.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year.\u201c The past 17 months has been an incredibly [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81588","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81588","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=81588"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81588\/revisions"}],"predecessor-version":[{"id":81589,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81588\/revisions\/81589"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}