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☆ Short-seller Jim Chanos to close hedge funds - WSJ
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Jim Chanos, Founder and Managing Partner of Kynikos Associates LP speaks at the Reuters Global Investment Outlook summit at the Thomson Reuters building in New York, November 19, 2013. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNov 17 (Reuters) - After nearly four decades, Jim Chanos is shutting down hedge funds he manages that wager against companies he believes are overpriced or fraudulent, the Wall Street Journal reported on Friday. His firm, Chanos & Co., manages less than $200 million today, down from $6 billion in 2008, the report added. Chanos is known for his bets against Tesla (TSLA.O), on which he went short in 2016. Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Chanos, Mike Segar, Chanos, Tesla, Pritam Biswas, Shilpi Majumdar Organizations: Kynikos, Reuters Global Investment, Thomson Reuters, REUTERS, Wall Street, Chanos, Reuters, Thomson Locations: New York, Bengaluru

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

☆ Are office buildings the next 'Big Short' or the next widow-maker trade? The trader behind the ubersuccessful mall short shares his playbook for making money without flaming out.
▼ + stars: | 2023-08-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +16 min

Dan McNamara's Polpo Capital is shorting office real estate, a risky move that could be lucrative. If you're looking for a doomsday vision of commercial real estate, you can find it there. "I don't think this is the 'Big Short,'" McNamara told me. This doesn't mean he doesn't have a game plan to make money off cultural shifts that could forever change the state of commercial real estate. Lucas Jackson/ReutersWhere he's going longOne risk of shorting real estate is that it's more susceptible to what's known in real-estate circles as "extend and pretend."

Persons: Dan McNamara's, McNamara, it's, It's, shorting, Carl Icahn, Jim Chanos, Brendan McDermid, Dan McNamara, McNamara's, Braver Stern, Dan McNamara McNamara's, suede loafers, McNamara didn't, Josh Nester, Polpo, he's, Morgan Stanley, Kamil Sadik, Lucas Jackson, Manus Clancy, You've, David Tepper's, Trepp's Clancy, Clancy, David Tepper Organizations: Central Park, New, Polpo, New York University, Columbia, Kynikos Associates, Enron, Asset Management, Reuters, UBS, Co, Societe Generale, Securitized Credit Partners, Credit Suisse, MP, Fund, Bloomberg, of America, Simon Property, Federal Locations: Manhattan, Sixth, Central, New York City, New York, MatlinPatterson, America, China, Italy, Westchester , New York, Tribeca, York, Westchester, Waterford , Connecticut, Baltimore, San Francisco

☆ The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard
▼ + stars: | 2023-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Adani Group companies have lost over $110 billion in market value in the past fortnight. These losses eclipse those at other short seller targets like Enron and Wirecard. Enron lost more than $65 billion between August 2000 and December 2001 when it filed for Chapter 11 bankruptcy, per Bloomberg's record. In Wirecard's case, it was short seller Fraser Perring, who in a 2016 report, accused the payments firm of money laundering and fraud. Shares of Adani Transmission, Adani Green Energy, and Adani Power were also up.

☆ Short seller Jim Chanos says this 'crummy' entertainment company is 'excessively overpriced' and could drop 50%
▼ + stars: | 2022-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed short seller Jim Chanos is on to his next stock to bet against: concert ticket platform Live Nation . The founder of Kynikos Associates unveiled his bearish take on Live Nation at Forbes Iconoclast Summit 2022 Thursday. "One company that epitomizes that and still we think trades at nosebleed valuations for what it is, is Live Nation," Chanos said. Shares of Live Nation are already down more than 36% this year, but Chanos believe it has "a lot further to go," saying it could easily drop another 50%. Live Nation didn't immediately respond to CNBC's request for comment.

☆ Two of the most notable short sellers say this company is the aluminum siding of the 21st century
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Jim Chanos and Carson Block, two of Wall Street's biggest short sellers, fired shots at Sunrun , saying the residential solar company is not as "green" as many investors think. "This company is the aluminum siding of the 21st century for those who are old enough to know what I'm talking about," Chanos, founder of Kynikos Associates, said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. Aluminum re-sidings were prevalent in the 70s and 80s but they fell out of favor as the material was susceptible to scratches and dents. Muddy Waters Capital CIO Carson Block said he has a short position against Sunrun, taking issue with the way the company deals with tax subsidies from the government. "Muddy Waters has its 'facts' wrong.

☆ Jonathan Weil — Reporter at The Wall Street Journal
▼ + stars: | 2000-09-20 | by ( Jonathan Weil | ) www.wsj.com time to read: +1 min

Jonathan WeilJonathan Weil rejoined The Wall Street Journal in October 2022 as a reporter, covering finance. He previously was an analyst at the investment firms CPMG Inc. and Kynikos Associates, a columnist for Bloomberg News, and a managing director at proxy adviser Glass Lewis & Co.Jonathan started with the Journal in 1997 as a reporter for its Texas regional edition and moved to New York in 2000, where he covered the accounting beat for five years. He won Best in Business Journalism awards from the Society of American Business Editors and Writers in 2009 and 2010. He began his career at the Arkansas Democrat-Gazette in Little Rock. He is a graduate of the University of Colorado at Boulder and Southern Methodist University School of Law.

Persons: Jonathan Weil Jonathan Weil, Glass Lewis, Jonathan, ” Jonathan Organizations: Wall Street, CPMG Inc, Kynikos Associates, Bloomberg News, Texas, Columbia Journalism, New Yorker, New York State Society of Certified Public Accountants, Business, Society of American Business, Arkansas Democrat, Gazette, University of Colorado, Southern Methodist University School of Law Locations: New York, Little Rock, Boulder

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