Nathan Anderson, founder of Hindenburg Research, announced the firm’s disbanding on Wednesday, January 15, 2025. Known for impactful reports on the Adani Group and Nikola, Hindenburg gained prominence through its investigations.

Hindenburg Research which set off a firestorm in India with withering allegations against the Adani Group is being disbanded, marking the end of the American short-seller feared for successfully targeting dozens of corporations.

Nathan Anderson, whose activist short-selling firm Hindenburg Research became famous in financial circles by publishing a video of a truck rolling down a hill, is calling it quits.

In 2023 and in 2024 as well, Hindenburg's report on the Adani Group caused a stir, with the Group stating that the firm had published lies and many politicians in India also rubbi

The shock announcement late on Wednesday comes just four days before President-elect Donald Trump’s inauguration amid speculation — with no real confirmation — that the two events might be linked

Nathan Anderson is a prominent figure in the world of finance, best known as the founder of Hindenburg Research, a firm dedicated to uncovering corporate fraud and promoting transparency in the markets.

Nate Anderson, the founder of Hindenburg Research, on Thursday announced plans to shut down the US-based investment research firm, which gained attention for its short-selling activities and reports that led to the loss of billions of dollars for Indian billionaire Gautam Adani-led Adani Group.

Hindenburg Research, the firm that wiped over $100 billion off the Adani Group's market value in 2023, has announced its closure. The announcement came as a surprise, as the short-seller was pursuing probes against some of the biggest corporate moguls worldwide.

Anderson, the short-seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm on