Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Thu Jan 28 13:18:01 +0000 2021

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Judd Legum @JuddLegum

4. Plotkin made massive returns by doing a lot more shorting than most hedge funds & no one complained But this week he was bailed out by his old boss, SAC founder Steve Cohen, and another hedge fund mogul, Citadel's Ken Griffin to the tune of $2.75B https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated

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Judd Legum @JuddLegum

3. The primary "victim" of the retail investors, hedge fund mogul Gabe Plotkin, worked SAC until 2013. What happened in 2013? SAC pleaded guilty to insider trading and paid a $1.3 billion fine. Plotkin then left to start his own firm. https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated

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Judd Legum @JuddLegum

5. Cohen & Griffin now own a significant piece of Plotkin's firm. So they have an interest in Plotkin navigating out of his current predicament. They also may have exposure themselves. This is where things get interesting. https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated