Nate Anderson, the founder of Hindenburg, a shortseller of Wall Street, announced this month that he is wearing boots. He is the latest famous investor who calls him to stop.
Anderson, who was the best known for betting on electric vehicle manufacturers Nicola, Karl Ikhan, and India’s Adani Group, blamed the “strength and focus” of work.
However, the short selling of activists who bet on companies and mount very general campaigns is more difficult in a powerful bullish market that many people in the business make it difficult to create returns. I am.
Even non -activist shorts are struggling. Jim Chanos closed his main hedge fund in 2023, more than 30 years later. Another famous investor, Bill Ackman, who had taken both long positions and short positions, said it would stop the public campaign in 2022.
“Because when people end the short -selling business, it was because they had a serious failure or reversal of their property,” said the mud -filled Carson Block. “In the case of Nate, he is on the top.”
According to a company executive, a bank, who is afraid of risking the client’s relationship, has been shunned by a regulatory authority, and the activists can hit practitioners.
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“In the past, companies were very shy for short -selling, but they are not shy now,” said Gabriel Grego, founder of hedge fund Quintessagra.
In the post of X last week, Shadowfall’s shortseller Matthew Ahle joked a strategy with “unbearable painful pain that was unbearable to seeing a lot of people in a financial town for a while.” 。
Some shortsellers are being attacked to provide funds to their position.
Last year, the Ministry of Justice accused Citron’s research and founder Andrew hiding hedge funds and “financial relations” and operating a “market operation scheme.” On the left is the CNBC, “Everything has been revealed. I have the same disclaimer as all other activists, shortsellers, and news letter lighters (I have).
The exit of Anderson leaves the cottage industry, an expert who has tried to adapt to a variety of successes.
Some investors need to be sharper and better to report that they have the hope of affecting corporate stock prices, especially in the market where passive investment and trading algorithms are dominated. I claim that there is.
Most short -selling is done in a general long short equity hedge fund. This business is also getting tougher. In recent years, investors have deducted money from strategies.
These are part of the shortsellers that are still standing.
Carson block: Mud -filled water
© Betty Laura Zapata/Bloomberg
Carson Block’s Maddy Waters is now the most famous activist shortseller and has withdrawn many famous scams as Anderson has taken off the stage.
The block focuses on Chinese companies that have been derived from the name of his hedge fund, which is derived from the Chinese proverb that makes it easier for mud water to catch fish. I started.
His major break occurred in 2011 when he claimed fraud and published a fierce report in Chinese agriculture of a Chinese forest agricultural company. The report has led to a loss of about $ 460 million in funding managed by the US billionaire John Paulson, and has established a block to view on Wall Street.
He has been diversifying for Western companies, including the FTSE 100 Healthcare Group NMC Health, which collapsed in 2020 in 2020.
Muddy Waters has published positive reports in contrast to some friends who have adopted a lower important approach.
Matthew: Shadow Fall
© Dylan Martinez/Reuters
London -based hedge fund shadow -shaped management partner Matthew Thele is known for being one of the first shortsellers that raises concerns about fraud and money laundering in Germany’s payment processor Wirecard. Masu.
He first named his name as a bank analyst more than 10 years ago, published an important report of the outsourcing company CONNAUGHT, and his highest management officer called his work “an incompetent and wonderful feat.” I am. In less than a year, the company filed for bankruptcy.
In 2016, under the pseudonym of Zatarra Research, R and Fellow’s shortsellers Fraser Perring released a report on Wirecard, which pays attention to money laundering and fraud. Wirecard was threatening him with legal measures, hiring a private detective in Israel and trying to hack a computer.
Earl, called the “Dark Destroyer,” established a short -selling hedge fund shadow fall in 2017, and now manages more than $ 250 million. Earl, who was supported by four analysts, targets European mid -caps, which he believes that he is overestimated, but has no report.
The company once had a research division that published a paid client -based report, which was spinned out as a new entity called DRAGONEE RESEARCH.
Gothham City Research / General Industrial Partners
Shortsellers Dan Yushi and Cyrus de Wep are especially in 2022, especially to find a company that misunderstands the market, including companies with suspicious accounting. I focused on it.
Gotham Cytilitary Danille and Port Sea Asset Management, and then the general industrial partner, Dewec, have gained more than 10 years of selling experience.
YU was known for the success of the shortser campaign for WiFi Providers Let’s Gowex in Spain. LET’SGOWEX applied for bankruptcy in 2014, acknowledged that the founder had forged a company account. DE WECK has a successful bet on the collapsed FTSE 100 Healthcare Operator NMC Health.
Gothham City Research is an outlet of the duo in the report, but the general industrial partner handles about $ 70 million investment management, according to one of the issues.
Last year, their reports to Spanish pharmaceutical companies, GriFols, fell in one -third, but they also attracted a lawsuit from the company and the Spanish authorities.
According to a letter sent on November 6, another US SEC survey on two companies concluded without action.
YU and DE WECK work with the other two analysts.
Quintessental/ Gabriel Greek
Gabriel Grego’s typical one is more like a conventional hedge fund than buying and betting on stocks. However, unlike the conventional hedge funds, the new York -based QUINTESSENTIAL published detailed reports on short -circuited companies and eradicated some famous fraud.
Quintessagra is probably the best in betting on Greece jewelry chains Foli Follie, and claims that the company has forged a significant proportion of sales in China. Five of the company’s top executives have been sentenced to prison for more than one year last year.
Gabriel Grego started hedge funds in 2013, worked as an investment bank, and managed money for friends and family. QUINTESSENTIAL has published much less reports than competitors. However, it is a high hit rate, and the four of the nine companies aim to be zero.
Typically, it was used mainly to focus on short positions, but most of the fund positions are stock purchases.
Hunter Brook
Hunterbrook is an unusual combination of journalist ventures and hedge funds, and was considered a way to provide funds to survey journalism during the social media era, which was not kind to the industry.
Hunterbrook, launched by investors Nasaniel Brooks Howitz and writer Sam Copperman last April, has a journalist team to publish corporate investigations. Related hedge funds can read articles and have a long position or short position in advance.
However, unlike other journalists, Hunter Brook’s news room is assigned to use only publicly available information to avoid the collapse of US securities law fouls. The company hired a former US Securities and Exchange Committee’s lawyer Fitzan Reed and decided whether to share articles from the news room with hedge funds before publishing.
Hunterbrook gathered more than $ 100 million last year for hedge funds. In recent years, it has been one of the few new and highly popular participants in the short -selling space.
