Nate Anderson, the founder of Wall Street’s top activist short seller Hindenburg, announced this month that he was hanging up his boots. He is just the latest high profile investor to call it quits.
Anderson, who was best known for betting against electric-vehicle manufacturer Nikola, Carl Icahn, and India’s Adani Group, blamed the “intensity and focus” of the job.
But activist short selling, where investors bet against companies and mount highly public campaigns, has become harder in a powerful bull market that many in the business say has made it difficult to generate returns.
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