Tuesday, August 26, 2025
spot_img

Hindenburg Research disbanded

Date:

Share post:

spot_imgspot_img

Washington, Jan 16: 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.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
Anderson did not give a specific reason for disbanding his organization, which is less than a week before the end of the four-year term of the Biden Administration and the swearing-in of Donald Trump as the 47th President of the United States on January 20.
“So, why disband now? There is not one specific thing-no particular threat, no health issue, and no big personal issue. Someone once told me that at a certain point a successful career becomes a selfish act. Early on, I felt I needed to prove some things to myself. I have now finally found some comfort with myself, probably for the first time in my life,” he said.
“I probably could have had it all along had I let myself, but I needed to put myself through a bit of hell first. 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 said.
In an interview to The Wall Street Journal, Anderson said he looks forward to taking up hobbies, travelling and spending time with his fiancée and their child, adding that he has earned enough money to provide for them in the future. He said he plans to invest his money in index funds and other low-stress investments.
Anderson said for now, he will be focused on making sure everyone on his team lands where they want to be next. (PTI)

spot_imgspot_img

Related articles

Bodoland Territorial Council polls to be held on Sept 22

Guwahati, Aug 26: Elections to 40 constituencies of Bodoland Territorial Council (BTC) will be held on September 22,...

AGP delegation calls on Meghalaya CM in Shillong

GUWAHATI, Aug. 26: Assam minister and Asom Gana Parishad (AGP) president Atul Bora recalled the friendship shared by Assam...

Security forces nab 3 Manipur militants

GUWAHATI, Aug. 26: Security forces in Manipur have intensified intelligence-based combing and search operations against individuals engaged in...

Juhi Parmar reflects on the reality of dowry deaths in a time when we talk about women empowerment

Mumbai, Aug 26:  Renowned television actress Juhi Parmar, who is a part of the show "Kahaani har Ghar...