Ken Griffin Attacks: “Pension Plans Destroyed by Retail Investors”
Ken Griffin accused the retail community of destroying teacher’s pension plans by taking down Gabe Plotkin’s Melvin Capital. Melvin Capital is a hedge fund that was short on ‘meme stocks’ holding a large position in GameStop. The…
Hedge Fund Melvin Capital Is Shutting Down End of June
Hedge fund Melvin Capital, notoriously known by the retail community for betting against GameStop is now closing its doors. 2022 marks the second year in a row the short seller underperforms. Melvin Capital lost a staggering 20.6% the first quarter this…
Archegos Founder Bill Hwang Has Been Arrested with 11 Criminal Counts
Archegos founder Bill Hwang and CFO Patrick Halligan were arrested and charged with 11 criminal counts. Federal prosecutors said Bill Hwang used Archegos as an “instrument of market manipulation and fraud.” The hedge fund managed to inflate its…
Wall Street Journal is Indirectly Owned by Citadel’s Ken Griffin
Wall Street Journal just published a piece on the AMC community where the conflict of interest is only so obvious. They refer to the community as a mob and disrespect AMC’s CEO Adam Aron by saying apes made the CEO “play by their…
Citadel Faces Potential Default on Russian Tech Company
Citadel is facing potential default on convertible bonds from Russia’s Yandex NV. Yandex NV is an internet and technology company that provides an internet search engine in Russia and other international markets. Tigran Khudaverdyan has stepped…
