He was in charge of managing a portfolio of consumer stocks. The Plotkin family name was found in the USA, and Canada between 1911 and 1920. In 2017, the fund finished up 41%. Need the ability to download nonprofit data and more advanced search options? Reuters identified Plotkin as the so-called Portfolio Manager B in the Securities and Exchange Commissions civil complaint against Michael Steinberg, a fellow SAC PM who was arrested on charges he traded Dells earnings based on insider information. The common stock of Ligand Pharmaceuticals, Melvins second-largest put position among this new group, nearly doubled for the month through January 28. Two other firms invested . Since its inception six years ago, Melvin had held the position because the fund believed GameStops business model of selling video games in physical stores was overtaken by digital downloads via the Internet, Plotkin said. Gabe Plotkin Net Worth:GabrielGabePlotkinis an American hedge fund manager who has anet worthof $400 million. If it is your nonprofit, add geographic service areas to create a map on your profile. Submit a correction suggestion and help us fix it! Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats. GABRIEL PLOTKIN - FOUNDER & CIO, Tallwoods CAPITAL Children of Fallen Patriots Board of Advisors, Advisor Plotkin founded Tallwoods Capital LLC in 2022 and serves as the firm's Chief Investment Officer. endobj The ChatGPT Debate: Are We Intelligent Enough To Understand Intelligence? Want to see how you can enhance your nonprofit research and unlock more insights? They gained considerably due to the problems faced during the launch of Cyberpunk 2077. And while I do not think that anyone could have anticipated these events, I have learned much from them, and I am taking steps to protect our investors from anything like this happening in the future.. The acquisition valued the Hornets at $1.5 billion. Gabe has been married to Yara Bank-Plotkin since 2006. There were bits of gossip about Yaara Bank-Plotkin and Gabe Plotkin getting separation on January 31, 2021. The Jews cant keep getting away with this. Others sent similarly profane and racist text messages to me., Wrapping up his prepared statement, Plotkin said he was personally humbled by the Reddit short squeeze and Melvin Capitals losses. After college he went to work at the hedge fund Citadel LLC. There he earned his bachelors degree in Economics, graduating in 2001. The couple engages in some of their favorite activities with their son including sporting events and petting zoos, like any other family, but they feel a strong sense of community and they are dedicated to doing what they can to support the Jewish Community through their efforts in a partnership with Chabad. 2023 Children of Fallen Patriots Foundation. In December 2020 Plotkin purchased 2 adjacent houses in Florida for $44 million. 09/07/2021 Rating histories are available for a growing number of rated organizations. The fund had also repositioned its portfolio according to the source. Melvin Capital's Gabriel Plotkin has been in the news quite a bit recently after his hedge fund may have posted a loss in the billions in the stock market shorting GameStop. According to Wikipedia, Gabriel Plotkin is a college graduate. The Foundation supports Chabad Israel Center and made 11 grants last year. Six of those eight companies common stocks surged in price in January. They participate in annual support drives for this purpose. According to federal prosecutors, at some point during his time at SAC Capital Gabriel was the recipient of insider information. 02/11/2022. Gabriel was on in Portland, Maine and this is where he grew up. Already have a GuideStar Account? Gabriel And Yaara Plotkin Family Foundation - Nonprofit Explorer - ProPublica Research Tax-Exempt Organizations GABRIEL AND YAARA PLOTKIN FAMILY FOUNDATION NEW YORK, NY 10017-0000 |. People may receive compensation for some links to products and services on this website. SACs founder,Steven A. Cohen, proceeded to return all outside capital and established a family office instead, which he called Point72 Asset Management. Location 345 Park Ave New York City, NY 10154-0004 United States. endobj Small organizations filing a Form 990N "e-Postcard" are not included in this data. Gabe Plotkins Melvin Capital Management late Wednesday provided new insight into negative positions the firm held at year-end that may have contributed to its stunning 53 percent loss in January. Gabriel Plotkin is an American businessman and entrepreneur who founded Melvin Capital Management LP. Gabriel Plotkin Profiles | Facebook Gabriel Plotkin - Melvin capital worth, Wife, Age - RoseWe Store The Form 990 is a document that nonprofit organizations file with the IRS annually. 5. The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. SAC was fully shuttered in 2016. Terms of ET The net worth of Gabriel Plotkin reportedly took a. There is no way of knowing from public documents how long Melvin held these options positions, whether Melvin increased or decreased its bets throughout the month, or if it also had outright short positions on any of the stocks. The messages said things like its very clear that we need a second holocaust, the Jews cant continue to get away with this. All rights reserved.Combined Federal Campaign (CFC) #69859 | Fallen Patriots is a 501(c)(3) non-profit organization. After Melvin Capital faced a huge loss, there are rumors that Yarra filed a divorce from her husband, Gabe. Michael Jordan's ownership stake in the NBA's Charlotte Hornets. Plotkin founded Melvin Capital in 2014. He started his career under Ken . Testimony of Gabriel Plotkin, Founder and Chief Investment Officer, Melvin Capital Management Chairwoman Waters, Ranking Member McHenry, and Members of the Committee, I would like . These audits are copied from the Federal Audit Clearinghouse. It covered its short position on the stock, but the precise amount that Melvin Capital lost in the deal has not fully been disclosed. . Despite the turmoil, Plotkin insisted that the $ 2.75 billion investment Melvin secured from Ken Griffins Citadel and Steve Cohens Point72 in late January was not intended to bail out the fund because it was grappling with heavy casualties.
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