Nate Anderson, the short-seller who shot into prominence in India when he shorted Adani Group’s shares through a motivated report by his company Hindenburg Research is facing scrutiny over alleged connections with hedge funds in preparing reports targeting companies. Hindenburg Research closed its operations earlier this week.
In a set of documents submitted to the Ontario Superior Court of Justice in Canada as part of a defamation lawsuit, Moez Kassam, head of Canada’s Anson hedge fund, stated that his firm had shared research with several entities, including Nate Anderson’s Hindenburg.
This practice of sharing information is akin to market manipulation and insider trading, with hedge funds and a short seller like Hindenburg working together.
Even the Market Frauds website reported that these court filings in Canada suggest Hindenburg collaborated with Anson hedge fund on a report. This has raised concerns about a securities fraud by Hindenburg.
