Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management - 3 days ago [0]
[0] https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...
[0] https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...
At least one Wall Street firm has taken heavy losses — Melvin Capital Management, which was shorting GameStop, among other bets. It’s been bailed out by Citadel, which, confusingly, is not the same thing as Citadel Securities. (Citadel is a hedge fund, not a market maker.)