Hindenburg Research, a US investment research company famous for short-selling reports, has been wound up, Nate Anderson the founder of the company announced on January 15. Hindenburg Research shot into prominence in India after its report in January 2023, on the conglomerate led by Gautam Adani created panic among investors and extinguished billions of dollars of value from the stocks of the company.
However, the Adani group consistently denied all charges of wrongdoing as alleged by Hindenburg Research. However, the founder of the short-seller firm did not offer any particular reason for disbanding his organisation. Intriguingly, it comes within a few days ahead of Donald Trump taking charge as the US President on January 20.
Timing of shutdown
On another front, the completely unexpected announcement by Nate Anderson comes within days of a Republican Congressman, urging the US Department of Justice to carefully store all documents and records of communications that pertain to the probe into the affairs of the Adani Group. The Republican Congressman is on the House Judiciary Committee.
“As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” Anderson announced. It is clear from Anderson’s statement to the media that the company has already been disbanded.
“Will focus on hobbies, travel and family”
The Wall Street Journal, with which Anderson had an interaction, stated that the Hindenburg Research founder said he looked forward to devoting time to his hobbies, travelling and spending time with his fiance and their kid. “There is not one specific thing, no particular threat, no health issue, and no big personal issue. Someone once told me that at a certain point a successful career becomes a selfish act. Early on, I felt I needed to prove some things to myself. I have now finally found some comfort with myself, probably for the first time in my life,” Anderson said.
In a move that has caught many by complete surprise, Nate Anderson, the founder of Hindenburg Research, an US-based investment research company, has announced that the firm would be disbanded. Hindenburg Research shot into prominence in India after it published a report alleging widespread misdeeds by the Adani group. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
