Hindenburg Research, whose reports wiped billions off Gautam Adani's wealth, shuts down
Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm's research led to significant financial losses for Indian billionaire Gautam Adani and his companies.
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Anderson said the closure was planned after finishing their current projects. “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,” he explained.
Hindenburg Research's reports on Adani, published since 2023, sparked controversy. Adani and his companies denied all allegations. The closure comes days after a Republican Congressman requested the Department of Justice preserve documents related to Adani investigations.
Anderson did not cite a specific reason for the closure, which occurs days before Donald Trump's presidential inauguration. He offered a personal explanation: “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
