Influential activist short-seller firm Hindenburg Research says it is shutting down

Jan. 15, 2025 at 5:40 p.m. ET

Founder Nathan Anderson says he and his team are ready to move on to the next chapter in their lives after just eight years

Activist short-seller firm Hindenburg Research is calling it quits after an impactful eight-year run in which its reports took on high-profile investors like Carl Icahn and Gautam Adani and helped take down companies like electric-truck manufacturer Nikola Corp.

In an email to followers, Hindenburg’s 40-year-old founder, Nathan Anderson, said he and his team were ready to move on to the next chapter in their lives and that he wanted to spend more time with his family and other people close to him.

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