As prominent short-sellers retreated from the limelight in recent years — fretting lawsuits, short squeezes and government probes — the deft researcher remained, earning a reputation as the gutsiest bear still around. That included picking fights with powerful, politically connected figures.
Nate 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, Hindenburg Research.
“There is not one specific thing — no particular threat, no health issue and no big personal issue,” Anderson wrote in a letter posted on the firm’s website Wednesday. “The intensity and focus has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me.”

