Hindenburg Research, the prominent US-based short-selling firm known for targeting high-profile companies such as the Adani Group, is set to be disbanded, according to its founder, Nate Anderson. In a statement published on the firm’s website,

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.

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