Anti-Adani short-seller Hindenburg Research disbanded

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday. “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,” Anderson announced. In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.
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 thing that defines me,” he added.
Anderson, 40, made international waves in January 2023, publishing a report accusing Adani Group of Gautam Adani of “pulling the largest con in corporate history".In quick succession, the bear also published reports on Dorsey’s Block Inc. and Icahn’s Icahn Enterprises. All three financiers and their businesses adamantly disputed Hindenburg’s assertions.