Muckraking financial firm Hindenburg Research to disband, founder says | Business and Economy [Video]

Hindenburg Research, the muckraking research and investment firm known for betting against companies including India’s Adani Group, will shut down, its founder has announced.

Nate Anderson, who founded the New York City-based firm in 2017, said on Wednesday that while there was no single reason for the decision, running the company had been “intense, and at times, all-encompassing”.

“I often wake up from my dreams because I’ve thought of a new investigative thread to pull on in my sleep, or an edit that clarifies a point I didn’t realise I was troubled by during the day. Or from the general pressure of it all,” Anderson said in a note on the firm’s website.

Anderson said the plan had been to disband the firm after finishing the “pipeline of ideas” he and his team had been working on.

“I write this from a place of joy,” he said. “Building this has …