All posts tagged: Hindenburg Research

Why did Nathan Anderson shut down Hindenburg Research? Founder opens up on Adani Group | Latest News India

Why did Nathan Anderson shut down Hindenburg Research? Founder opens up on Adani Group | Latest News India

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Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, opened up for the first time on why his firm chose to investigate Adani Group of Gautam Adani. Hindenburg Research founder Nathan Anderson last month announced the closure of his short-selling firm.(Live Mint) In an interview with news agency PTI, Nathan Anderson said Hindenburg’s January 2023 report, which accused the Adani Group of “the largest con in corporate history” was pursued following “red flags” raised against the conglomerate in media reports. “We initially saw media articles outlining red flags, took a closer look, and just kept following the evidence,” he told PTI on why the Adani group was chosen. Also Read | ‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe On being asked if he stood by Hindenburg’s reports, particularly against the Adani Group, Anderson said, “We 100 per cent stand by all of our research findings.” He termed as “goofy conspiracy” the attempts by some to link Hindenburg with alleged anti-India groups like OCCRP and George Soros, saying his …

Hindenburg founder to close short-seller behind Adani, Nikola selloffs | World News

Hindenburg founder to close short-seller behind Adani, Nikola selloffs | World News

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Hindenburg Research’s founder said he would disband the firm whose reports sparked heavy selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and US-based Nikola. Nathan Anderson, who started Hindenburg in 2017, cited the toll of the “rather intense, and at times, all-encompassing” nature of the work as the reason for his decision, in a website post published on Wednesday. Short-sellers like Anderson, who managed his firm’s own money but not that of others, bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation. Short-selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Should the price rise, the seller can be exposed to potentially unlimited losses. Anderson, who did not immediately respond to a Reuters request for comment, said there was not a specific reason for his decision – “no particular threat, no health issue, and no big personal issue.”“The …

US-Based Short Seller Hindenburg Research, Which Targeted Adani Group, To Be Disbanded

US-Based Short Seller Hindenburg Research, Which Targeted Adani Group, To Be Disbanded

Published by Webster

Hindenburg Research, the US-based short seller that had targeted several business entities including the Adani Group, is going to be disbanded, founder Nate Anderson has said. “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,” he said in a note on the Hindenburg website. Anderson has clarified there has been no particular threat or personal issue behind this decision to wind up. Hindenburg targeted the Adani Group in 2022 with what the group said was “nothing but a lie” and were “calculated attacks on India“. In August 2024, the short-seller launched another attack on the energy-to ports conglomerate, which snubbed the charges as “recycled claims” that had earlier been discarded. Speaking about the short seller hit jobs a month later, Gautam Adani, the chairman of Adani Group, had said it taught him the “most profound lesson”. “Our leadership spirit was never more visible than during the financial market attack in January last year. It was a short-selling …

Hindenburg Research, which published report on Adani Group, to be disbanded: Founder | World News

Hindenburg Research, which published report on Adani Group, to be disbanded: Founder | World News

Published by Parlour News

Jan 16, 2025 06:00 AM IST Anderson will disband Hindenburg Research, which triggered major short-selling and investigations impacting firms like Adani Group and Nikola. Hindenburg Research’s founder Nathan Anderson said he would disband the firm whose reports sparked heavy short-selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and US-based Nikola. Researcher Nate Anderson of Hindenburg Research disrupts short-selling norms in 2023, impacting billionaire portfolios and market values.(Twitter) Nathan Anderson, who started Hindenburg in 2017, cited the toll of the “rather intense, and at times, all-encompassing” nature of the work as the reason for his decision, in a website post published on Wednesday. “There is not one specific thing — no particular threat, no health issue and no big personal issue,” Nathan Anderson wrote in a letter. “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 …

Sebi chief Madhabi Puri Buch’s IIM batchmates slam allegations against her: ‘Clearly false’

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Sep 10, 2024 09:31 AM IST Madhabi Puri Buch’s IIM classmates defended her, asserting that the narrative lacks truth as they emphasized significance of her role for credibility of Sebi. Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch’s IIM–Ahmedabad batchmates dismissed allegations against the market regulator’s chief and said that the narrative around her did not “ring true” to them.  Sebi chairperson Madhabi Puri Buch during the Global Fintech Fest, in Mumbai.(PTI) Madhabi Puri Buch passed out of the top management B-school of the country in 1988. The allegations have implications not just for her personally but for the credibility of an “important democratic institution”, they said in a statement. Her batchmates said that they spoke with “people familiar with the questions” and accessed publicly available documents to verify the claims after which “not surprisingly, we found that the narrative being built around her, while rooted in data apparently sourced from her income tax returns themselves, is clearly false”, they said. This comes after it was reported that Parliament’s public accounts committee …

Hindenburg-Adani row: Mauritius FPIs named in Hindenburg report challenge SEBI norms; Jairam Ramesh reiterates demand for probe

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The logo of Securities and Exchange Board of India (SEBI). | Photo Credit: Reuters Two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal (SAT), seeking urgent relief from complying with SEBI’s new foreign investor norms before the upcoming September 9 deadline. Also read | Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock Congress general secretary (communications) Jairam Ramesh on Sunday (September 8, 2024) flagged that both the FPIs are alleged to be violating rules that require investors to not be over-invested in a single stock. “These rules are meant to ensure that black money routed through tax havens do not flood back into Indian capital markets. They must be upheld at all costs,” said Mr. Ramesh on X. Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI’s new foreign investor norms …