Hindenburg Research, whose reports wiped billions off Gautam Adani's wealth, shuts down
17-Jan-2025
Hindenburg Research, the US investment research firm renowned for its short-selling activities, has been officially disbanded, its founder Nate Anderson announced on January 15. This firm gained notoriety in India in recent times for its reports that significantly impacted billionaire Gautam Adani and his business interests, resulting in billions of dollars in losses.
In his statement, Anderson said, "As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research." He explained that the plan was to wind up operations after completing their pipeline of investigative ideas. Notably, the firm recently concluded its final projects related to Ponzi schemes, marking the end of its research activities.
News Source:- https://economictimes.indiatimes.com/news/international/business/hindenburg-research-whose-reports-wiped-billions-off-gautam-adanis-wealth-shuts-down/articleshow/117280844.cms
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