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The group of investors who bet against companies hoping their stocks will fall suffered more than $145 billion in losses this year.
These successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firms prominent bets since 2020 shows many of its targets decline once the short position is unveiled. Shares on average dropped about 9% on the first day, and were down 30% a year later, according to calculations by Bloomberg News.
The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.
Joshua Mitts, the Columbia University Law professor whose “short and distort” research on short sellers was debunked by Muddy Waters Capital CEO Carson Block…
“Trading on Terror” research paper by Columbia law professor exaggerated profits 100-fold.