World
Hindenburg Research, the firm known for its controversial reports targeting the Adani Group and SEBI Chief Madhabi Puri Buch, is set to shut down permanently. The firm's founder, Nate Anderson, has announced the decision, stating that all their research ideas have been exhausted and he plans to take a break.
Hindenburg gained notoriety for its strategy of short-selling stocks, followed by publishing reports that caused panic among investors, allowing the firm to profit by buying shares at lower prices.
The timing of the shutdown, just before the potential return of Donald Trump to the political spotlight, has raised eyebrows. Anderson's announcement marks the end of a highly debated chapter in the financial world.
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