- by Emmanuel Camarillo
- 04 8, 2025
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Naming ahedge fund is easy. Anodyne references to the natural world (peaks, stones, rivers or points) will usually do. Failing that, invoke ancient Greece. Christening a shock-and-awe short-selling outfit requires more creativity. Hindenburg Research, named after the doomed hydrogen-filled German airship, was founded by Nathan Anderson in 2017 to hunt for impending corporate disasters, and then hold a torch to them. The firm releases research reports on its website and typically profits when its targets’ shares plummet in value.Hindenburg’s reports allege all manner and seriousness of mischief, from insider transactions to accounting alchemy. Its latest publication has catapulted its inventive moniker into the headlines worldwide. On January 24th it accused , a giant Indian conglomerate run by , of stock manipulation and fraud. The Adani Group says that the charges are baseless and released a lengthy rebuttal.