Gabe Plotkin's Career and Controversies: A Comprehensive Look

Gabe Plotkin's career has been marked by significant achievements, including co-founding Melvin Capital, a hedge fund that has generated substantial returns. He started his career at Citadel, a prominent hedge fund.

Plotkin's experience at Citadel laid the groundwork for his future success, where he worked alongside Ken Griffin, a renowned investor. He also worked at BlueMountain Capital.

As a seasoned investor, Plotkin has been involved in various controversies, including a high-profile dispute with his former business partner, Jeff Talpins.

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Gabe Plotkin grew up in Atlanta, Georgia, where he developed a strong interest in finance at a young age.

He attended the University of Michigan, where he earned a Bachelor's degree in Economics.

Plotkin's first job was at a hedge fund in New York City, where he worked for several years before joining Melvin Capital in 2008.

He quickly rose through the ranks at Melvin Capital, becoming a portfolio manager and helping the firm achieve significant returns.

Plotkin's experience at Melvin Capital laid the foundation for his future success, particularly in the area of short-selling.

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Gabe Plotkin, the boss of Melvin Capital, is facing accusations of anti-Semitism on Reddit.

The accusations stem from a comment Plotkin allegedly made about the stock market. He's been involved in the hedge fund industry for over a decade.

Plotkin's career took off in 2014 when he co-founded Melvin Capital with Gabriel Dzialo. The firm has since become one of the largest hedge funds in the world.

The accusations against Plotkin were made on a popular Reddit forum, where users were discussing the stock market.

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Gabe Plotkin is married to Yaara Bank-Plotkin, a Queens, New York native, and they have four children together.

He is of Jewish descent, which is a significant part of his identity and heritage.

Gabe's wife, Yaara, is also a partner in his philanthropic efforts, and together they have established the Gabriel and Yaara Plotkin Family Foundation.

This foundation has supported organizations like the Wounded Warrior Project and Chabad of Southampton, demonstrating their commitment to giving back to the community.

Gabe is also a dedicated advocate for veterans, and he is on the board of advisors to the Children of Fallen Patriots Foundation, which provides scholarships and mentorship to individuals who lost a parent in the line of duty.

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Gabe Plotkin's professional and financial achievements are quite impressive. He led the fund as Founder & CIO, earning about $300 million in compensation in 2017, making him the 20th-highest-paid hedge fund manager that year.

Plotkin's financial success continued in 2020, when he earned over $800 million in compensation, according to Bloomberg. However, he did experience a significant loss in January 2021, reportedly losing $460 million due to short squeezes.

Plotkin's business ventures extend beyond the fund, as he purchased a minority interest in the Charlotte Hornets in 2019 from Michael Jordan. He later led a group of investors in buying Jordan's majority stake in the Hornets in June 2023.

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Tallwoods Capital LLC is a family office founded by Plotkin in 2022, focusing on long-term investments. It's headquartered in Miami Beach, Florida.

Tallwoods Capital has Plotkin as its chief investment officer.

Melvin Capital was founded by Mark Plotkin after he left SAC in late 2014.

The fund was named after his late grandfather, a small-business owner.

Plotkin raised nearly $1 billion for the fund.

The fund had a high return of 47% in its first full year in operation, ranking it 2nd in Bloomberg's 2015 list of top-performing funds with $1 billion or more in assets under management.

In 2015, nearly two-thirds of the fund’s 67% returns (before fees) derived from its short positions.

The fund had notable short positions, including bets against J.C. Penney Co. and renewable-energy company SunEdison Inc., both of which ultimately went bankrupt.

In 2017, the fund finished up 41%.

The fund had notable investments, including Chewy.com, Amazon.com, Las Vegas Sands, Alibaba, and shorting GameStop.

The fund had returns of 44% in 2019.

About one-third of the gains in 2019 from Point72 came from Melvin Capital Management LP.

At the end of 2020, the fund made returns of 52%, making it one of the highest-performing hedge funds.

Melvin charged investors an annual management fee of 2% and up to 30% of its profits, among the highest fee packages in the hedge fund industry.

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Gabriel "Gabe" Plotkin is the founder and CIO of the fund, which made him the 20th-highest-paid hedge fund manager in 2017, earning around $300 million in compensation that year.

Plotkin purchased two adjacent houses in Florida for $44 million in December 2020.

In 2019, he bought a minority interest in the Charlotte Hornets from Michael Jordan.

Plotkin led a group of investors who acquired Jordan's majority stake in the Hornets in June 2023.

He earned over $800 million in compensation in 2020, according to Bloomberg.

However, Plotkin reportedly lost $460 million in January 2021 due to short squeezes.

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