Nate Anderson’s wrap-up comes when the short-selling industry has faced challenges, including legal risks, scrutiny, and the rise of multistrategy funds|@hindenburgresearchofficial|Instagram
Short seller Nate Anderson, the founder of Hindenburg Research, announced that he is closing the firm, citing job stress after years of intense investigations.
Founded in 2017, Hindenburg published diligently detailed and researched reports on companies it believed used corrupt practices. It never managed external funds but instead shared findings with investors and agencies.
In 2020, it shorted electric truck company Nikola. Its report led to regulatory actions for the company’s founder, Trevor Milton.
Most recently, Hindenburg hit India’s Adani Enterprises.
Why is Anderson stepping away?
Anderson plans to shift focus to personal life, including hobbies, travel and family. He intends to share resources with future investigators. He plans to invest the money earned in index funds and other low-stress investments.
His wrap-up comes when the short-selling industry has faced challenges, including legal risks, scrutiny, and the rise of multistrategy funds. High-profile short sellers like Jim Chanos and Bill Ackman have also scaled back operations.
Despite successes, Hindenburg’s closure reflects broader pressures on the activist short-selling model.