Citadel to pull about $500 million from Melvin Capital - NewsBreak
By Merima in Business
Updated 3 years ago
(Bloomberg) — Citadel will redeem about $500 million from Melvin Capital Management, according to a person familiar with the matter, scaling back its $2 billion January infusion into Gabe Plotkin's hedge fund after the investment turned positive. Citadel funds and firm partners plan to withdraw the money at the end...