Founder of Hindenburg Research, Nathan Anderson, announced disbanding the short-selling firm whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his compani

Nathan Anderson, who started Hindenburg in 2017, cited the toll of the "rather intense, and at times, all-encompassing" nature of the work as the reason for his decision, in a website post published on Wednesday.

Hindenburg Research, the US-based short-selling firm, launched a targeted campaign against the Gautam Adani-led conglomerate in early 2023, publishing scathing reports that erased billions off the group's market value.

Anderson said for now, he will be focused on making sure everyone on his team lands where they want to be next.

Anderson shared this decision through an official statement, he revealed that the decision to disband was not due to any external threats, personal health, or major issues.

Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp., announced its closure Wednesday after a seven-year run that reshaped modern activist investing.

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down,

Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down.