Investing
Gabe Plotkin’s Melvin Capital Reboots After Crushing String of Losses
- His Melvin Capital has unusual plan for overhauling the fund
- But it’s unclear whether investors will agree to the new terms
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Gabe Plotkin wants a do-over.
A year after amateur traders turned the tables on Wall Street pros with GameStop Corp. and other meme stocks, Plotkin is making an all-in play to salvage his stricken hedge fund firm, Melvin Capital Management.