Melvin Capital down 23.3% year to date as founder looks to shut down fund

Embattled hedge fund Melvin Capital reported another down month — just weeks after founder Gabe Plotkin said he planned to return investors’ money before opening a new fund. Melvin — still struggling to recoverafter a massive short squeeze on meme stock GameStopcrushed his fundin January 2021 — lost another 3.3% in April, taking the fund’s...