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Muckraking financial firm Hindenburg Research to disband, founder says

Hindenburg Research Nate Anderson Adani Group Nikola

The Hindenburg Research website displayed on a laptop screen is seen in this illustration photo taken in Krakow, Poland on February 2, 2023 [Jakub Porzycki/NurPhoto via Getty Images]

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”.

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