Griffin Says He Didn’t Speak to Plotkin Ahead of Melvin Shutdown

Ken Griffin, the Citadel chief who helped provide a cash infusion to struggling Melvin Capital Management in January 2021, said he didn’t speak to founder Gabe Plotkin before he announced it was shutting down.

Plotkin, whose hedge fund fell 55% during the meme-stock frenzy early last year, said Wednesday that he was unwinding his fund after racking up additional losses and frustrated backers with a short-lived plan to reimpose fees.