Published on 16 Jan 2025 on Benzinga
Bill Ackman Says Hindenburg Research Closing 'A Big Loss,' Praises Short...
Billionaire investor Bill Ackman praised Hindenburg Research‘s contributions to capital markets following the influential short-seller’s unexpected closure, highlighting the firm’s crucial role in exposing corporate misconduct during its seven-year run.
What Happened: “This is a great letter from the founder of Hindenburg Research,” wrote Ackman, CEO of Pershing Square Capital Management, on X. “Short selling is really hard. Done well, when the research is shared publicly, it is a very important contribution to the proper functioning of the capital markets.”