Gabe Plotkin's fund was the most notable public example of a loss during the big meme-stock event of January 2021. However, Melvin was one of many hedge funds that saw severe losses from GameStop.

Melvin Capital lost 57% of its capital due to its short position in GameStop, which skyrocketed during the “meme rally” of January 2021. The SEC is investigating Melvin Capital for allegedly ...