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    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

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    69% of investors believe metaverse entertainment will change social lifestyles

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

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    Amgen buys Horizon Therapeutics for US$ 25 billion

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    Europe prepares law to make airlines that pollute more pay higher costs

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    Why are Asian investors selling their tech stocks?

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Are technology stocks coming to the end of their reign?

    Are technology stocks coming to the end of their reign?

    Amazon fined millions for manipulating algorithms in its favor

    Amazon fined millions for manipulating algorithms in its favor

  • Markets
    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

    What are CFDs and what are their advantages?

    Getting started with CFD trading

    Goldman Sachs lands with more strength at Santander and BBVA

    Goldman Sachs lands with more strength at Santander and BBVA

    With inflation in recession, what stocks should you consider?

    With inflation in recession, what stocks should you consider?

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    Should payment for order flow be maintained in the stock market?

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    Why are Asian investors selling their tech stocks?

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    Here’s what the economy and markets will look in 2023, according to JP Morgan

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    Are technology stocks coming to the end of their reign?

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    Inflation is starting to ease but not enough

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    Two biotech stocks that could explode soon

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    Ideas for investing in the electric vehicle industry

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    Mercado Libre could be one of the best investments for the long term

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    Three cheap tech stocks for 2023

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    Where to invest in 2023? These are the most likely trends

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    Microsoft leads the ranking of the best-managed companies in 2022

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    Apple: consequences of the Foxconn conflict will continue until 2023

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    UK changes strategy on Internet content control

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    EU organized a party in the metaverse and nobody attended

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  • CryptocurrenciesTRENDING
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    How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023

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    Between two extremes: what will the price of Bitcoin be in 2023?

    FTX crash spreads and affects BlockFi

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  • Home
  • News
    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

    European oil companies want to follow in Chevron’s footsteps to operate in Venezuela

    Amgen buys Horizon Therapeutics for US$ 25 billion

    Amgen buys Horizon Therapeutics for US$ 25 billion

    Europe prepares law to make airlines that pollute more pay higher costs

    Europe prepares law to make airlines that pollute more pay higher costs

    Why are Asian investors selling their tech stocks?

    Why are Asian investors selling their tech stocks?

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Are technology stocks coming to the end of their reign?

    Are technology stocks coming to the end of their reign?

    Amazon fined millions for manipulating algorithms in its favor

    Amazon fined millions for manipulating algorithms in its favor

  • Markets
    Bets increase on a soft landing in the U.S

    Bets increase on a soft landing in the U.S

    What are CFDs and what are their advantages?

    Getting started with CFD trading

    Goldman Sachs lands with more strength at Santander and BBVA

    Goldman Sachs lands with more strength at Santander and BBVA

    With inflation in recession, what stocks should you consider?

    With inflation in recession, what stocks should you consider?

    Should payment for order flow be maintained in the stock market?

    Should payment for order flow be maintained in the stock market?

    Why are Asian investors selling their tech stocks?

    Why are Asian investors selling their tech stocks?

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Here’s what the economy and markets will look in 2023, according to JP Morgan

    Are technology stocks coming to the end of their reign?

    Are technology stocks coming to the end of their reign?

    Inflation is starting to ease but not enough

    Inflation is starting to ease but not enough

  • Investing
    Two biotech stocks that could explode soon

    Two biotech stocks that could explode soon

    Ideas for investing in the electric vehicle industry

    Ideas for investing in the electric vehicle industry

    Mercado Libre could be one of the best investments for the long term

    Mercado Libre could be one of the best investments for the long term

    Three cheap tech stocks for 2023

    Three cheap tech stocks for 2023

    Where to invest in 2023? These are the most likely trends

    Where to invest in 2023? These are the most likely trends

    Will Ford shares be profitable in 2023?

    Will Ford shares be profitable in 2023?

    Some interesting options for investing in leisure and travel companies

    Some interesting options for investing in leisure and travel companies

    Plug Power’s commitment to green hydrogen

    Plug Power’s commitment to green hydrogen

    Investing in Auto Trader: vehicle sales at a turning point

    Investing in Auto Trader: vehicle sales at a turning point

  • Technology
    Banning TikTok in the U.S. could benefit Meta

    Banning TikTok in the U.S. could benefit Meta

    Microsoft leads the ranking of the best-managed companies in 2022

    Microsoft leads the ranking of the best-managed companies in 2022

    Apple: consequences of the Foxconn conflict will continue until 2023

    Apple: consequences of the Foxconn conflict will continue until 2023

    5 must-have skills to get a job in 2023

    5 must-have skills to get a job in 2023

    UK changes strategy on Internet content control

    UK changes strategy on Internet content control

    EU organized a party in the metaverse and nobody attended

    EU organized a party in the metaverse and nobody attended

    The metaverse companies with the highest revenues in 2022

    The metaverse companies with the highest revenues in 2022

    Electric vehicles: China aims to boost its dominance

    Electric vehicles: China aims to boost its dominance

    Nintendo sells 10 million Switch in 3 days and its shares rise

    Nintendo sells 10 million Switch in 3 days and its shares rise

  • CryptocurrenciesTRENDING
    69% of investors believe metaverse entertainment will change social lifestyles

    69% of investors believe metaverse entertainment will change social lifestyles

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    Bitcoin falls after Fed decision to raise interest rates by 0.50%

    The future of cryptocurrencies, according to Larry Fink

    The future of cryptocurrencies, according to Larry Fink

    How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023

    How Much Bitcoin Should You Buy: 5 Factors to Consider in 2023

    Between two extremes: what will the price of Bitcoin be in 2023?

    Between two extremes: what will the price of Bitcoin be in 2023?

    FTX crash spreads and affects BlockFi

    FTX crash spreads and affects BlockFi

    EU organized a party in the metaverse and nobody attended

    EU organized a party in the metaverse and nobody attended

    Why does The WSJ continue to question Tether’s financial health?

    Why does The WSJ continue to question Tether’s financial health?

    Brazilian Congress approves bill to regulate cryptocurrencies

    Brazilian Congress approves bill to regulate cryptocurrencies

INVESTOR TIMES
Home Markets

The hedge fund Melvin Capital continues to be investigated by the SEC.

Melvin Capital closed its doors in May of this year, but remains under investigation for its operations in early 2021

Eric Nesich by Eric Nesich
8/12/2022 - 10:43
in Markets, News
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on LinkedIn
  • The past two years have been complicated for stock funds.
  • Melvin Capital Management is under investigation for its trading during the frenzy of stocks like GameStop in 2021.
  • The fund closed its doors in May of this year after heavy losses.

The U.S. Securities and Exchange Commission (SEC) has placed hedge fund Melvin Capital Management under investigation after it was hit by volatility in small-cap stocks in early 2021.

The SEC is investigating whether the fund subjected its investors to deception when 300% to 500% rallies occurred in stocks such as GameStop and Koss Corporation among others. The regulator contacted investors to investigate what communications the company issued at the time. The investigation covers Melvin’s founder, Gabriel Plotkin, and other senior Melvin executives.

The SEC is investigating what information the firm disclosed at the time about the risks of its investment strategy to its users.

Melvin Capital along with other funds were betting on the downside of so-called “meme stocks” such as GameStop in a financial transaction called a “Short Sale”. The sudden rise triggered by investors grouped in internet forums such as Reddit caused billions of dollars to be lost by hedge funds betting on the decline of this class of shares.

The SEC’s investigation is at a preliminary stage, being handled by the division’s asset management compliance unit in Washington D.C. The regulator is still investigating the frenzied trading that took place at the time.

Melvin Capital lost $6.8 billion in those days, which put the stability of Melvin Capital in the red. A little more than a year later, the investment fund announced the closing of its doors after steady losses during this year’s market downturn. These have been as steep as those that occurred at the beginning of 2021.

The last two years have been very difficult for hedge funds, which are posting their second worst year of performance since the 2008 financial crisis. Hedge fund Tiger Global Management, which started the year with $21 billion, lost about half its value in July.

Much of the long- and medium-term equity funds were the hardest hit over the past year. They accumulated a loss of almost 10% in just seven months according to Bloomberg estimates.

Tags: Hedge FundsMelvin Capital ManagementWall Street

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