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.

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

Nate Anderson’s Hindenburg Research, known for its impactful short-selling reports, will shut down. The firm gained notoriety for allegations against the Adani Group, which include stock manipulation and accounting fraud.

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.

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.

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

Hindenburg Research's founder Nathan Anderson announced he will disband the firm due to the intense nature of the work.