Hindenburg, short seller that took on Adani, to shut down

Founder Nate Anderson is disbanding his firm after finishing the “pipeline of ideas” it was working on.

Activist short seller Nate Anderson, known for his campaigns against the Adani Group and others, announced on 15 January that he is shutting down his firm 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 wrote in his statement. 

Hindenburg is an investment research firm that prepares investigative reports on companies after talking to employees and going through internal documents as well as public records. The firm then …