Melvin Capital Management Lp

Melvin Capital Management LP is a financial advisor firm established in October 2014, specializing in investment advisory services. The firm's principal owner is Gabriel Plotkin, who serves as the founder and portfolio manager. Melvin Capital offers management services to private pooled investment vehicles and separately managed accounts. The firm's investment strategy focuses on generating superior, risk-adjusted returns through long-short or long-only equity strategies. They employ a bottom-up, fundamental research-driven process, primarily investing in publicly traded common stock, options, and contracts for difference. Additionally, they utilize various instruments such as derivatives, fixed income securities, and foreign exchange hedges. Melvin Capital has discretionary authority over client investments, with a minimum initial investment of $1 million for Funds and over $50 million for Managed Accounts. The fee structure includes a management fee of 2% for Hedge Fund Clients and 1% for Long Only Clients, with performance-based fees ranging from 20% to 30%. The firm acts as a fiduciary, aiming to act in the best interests of its Clients. Clients receive regular performance updates and financial statements, and the firm has policies in place for proxy voting and class action securities litigation participation. Melvin Capital does not compensate for client referrals and maintains custody of client assets with unaffiliated custodians. The firm has not been involved in any material disciplinary events and has adopted a Code of Ethics to guide its operations.