5 ms·
So just partially owns, then.
by bluetonium 6y ago
So just partially owns, then.
- fractionalhare 6y agoIn the sense that any Limited Partner partially owns an investment vehicle because they have a stake in it, yes.
- okprod 6y agoMelvin founder was protege of Point72's SAC
- bilbo0s 6y agoThe same way public retirement funds in Wisconsin "partially own" Apple.
- myownpetard 6y agoDo public retirement funds in Wisconsin own >30% of APPL?
- fractionalhare 6y agoAs was reported, the capital raise Melvin received wasn't 30% of their total AUM even after the GME losses. And even if it were, it was also reported that Citadel and Point72 received non-controlling revenue share.
- myownpetard 6y agoI'm having trouble finding specific numbers, do you have a source? As far as I can tell they started the year with ~12.5B AUM, and have lost ~30% on the year and received a 2.75B cash infusion from Citadel et al, which I assume was at a discount given their position. So my rough estimate is around ~25-35%, given the uncertainty around those numbers.
- SilasX 6y agoAlternatively, did Wisconsin public retirement funds make an enormous investment in AAPL right when it was about to become insolvent and had no other real options for raising money? That is, you can assume anyone investing in that circumstance (like Citadel into Melvin) would demand a huge stake in return.