New Delhi: Hindenburg Research founder Nate Anderson has announced to disband the short seller firm, saying there is not one specific thing -- “no particular threat, no health issue and no big personal issue”.
The short-seller firm targeted several top corporate leaders across the world, including in India, aimed at what its critics say creating economic turbulence.
The firm gained attention in India after it brought out bombshell report on Adani Group, causing turbulence at the company and Indian parliament.
In a letter posted on his website, Anderson said that the intensity and focus “has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me.”
“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,” he wrote.
The Hindenburg founder further stated that for now, “I will be focused on making sure everyone on our team lands where they want to be next”.
“Some are going to start their own research firm, which I will strongly and publicly encourage, even as I will have no personal involvement. There are others on our team who are now free agents - so feel free to reach out to me if you have a need for anyone who is brilliant, focused, and easy to work with, as they all are,” he said.
Over the next six months or so, Anderson plans to work on a series of materials and videos to “open-source every aspect of our model and how we conduct our investigations”.
In India, Opposition parties weaponised Hindenburg's allegations against Indian corporate leaders causing political mayhem.
IANS with edits