Melvin Capital to shut after heavy losses on meme stocks, market slump – #marketnews

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Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump.

https://www.reuters.com/markets/us/hedge-fund-melvin-capital-tells-investors-it-plans-shut-down-letter-2022-05-18/

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