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by jachee
1968 days ago
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Nope it was a joint infusion: "[Melvin] was rescued with a $2.75 billion cash infusion from two other hedge fund titans, Steve Cohen and Ken Griffin. Cohen was Plotkin's former boss at SAC Capital Management. SAC shuttered after the firm pled guilty to insider trading and paid $1.3 billion in fines. Cohen was not personally charged. Griffin runs Citadel LLC ... In exchange, Citadel and Point72, the successor firm to SAC, own an undisclosed stake in Melvin Capital Management." |
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