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Activist short seller Nathan Anderson, famous for his campaigns against Adani Group, Super Micro and Nikola, is shutting down his firm Hindenburg Research seven years after he founded it.
“The plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson wrote in a statement. He described the job as “rather intense, and at times, all-encompassing”.
Hindenburg’s research has led to fraud charges and indictments against dozens of individuals, according to its website, but has also resulted in expensive legal battles. Even as the firm went after ever-bigger targets, it remained small with 11 employees.
This is a developing story . . .
https://www.ft.com/content/cfaeba23-5485-4700-9a28-78a54e72b8af
