Nathan Anderson, founder of Hindenburg Research, has announced the closure of his short-selling firm due to the toll it took on his personal life. The decision comes after years of intense work in uncovering accounting issues and mismanagement at various companies.
Anderson’s best-known shorts include betting against electric truck maker Nikola and India’s Adani Group, leading to billions of dollars being wiped off their market values. He cited the “all-encompassing” nature of his work as a reason for his decision, stating that he was missing out on life with loved ones.
Despite no specific threat or health issue driving his decision, Anderson plans to open-source Hindenburg’s methodology in the next six months. This move aims to share the firm’s investigative approach and model with others, ensuring its lessons are not lost.
The closure of Hindenburg follows a similar trend of notable short-sellers shutting down their firms. Jim Chanos, known for his bet against Enron before the company’s 2001 bankruptcy, also closed his hedge fund in 2023, citing business model pressures.
Source: https://www.reuters.com/business/hindenburg-research-be-disbanded-2025-01-15