Venture Capital

Citadel to Redeem $500 Million From Melvin Capital

The hedge fund Citadel pumped billions of dollars into Melvin Capital after that fund’s bet against GameStop went bad, leading to huge losses. Now, Citadel is taking some of its money back. Citadel has notified Melvin of its plans to retrieve $500 million of the $2 billion it injected in late …

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