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The undercover hedge funds financing activist short sellers 

People walk through the Financial District in Manhattan on January 28, 2021 in New York City. On that day markets continued a volatile streak as shares of the video game retailer GameStop plunged.
People walk through the Financial District in Manhattan on January 28, 2021 in New York City. On that day markets continued a volatile streak as shares of the video game retailer GameStop plunged. Photo: Spencer Platt/Getty Images
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The Financial Times

9 min read

When Wall Street’s self-styled financial detectives allege malfeasance, these silent partners stand to reap the benefits.

15 November 2024 by Ortenca Aliaj and Harriet Agnew in London and Kaye Wiggins in Hong Kong

In January 2023, short seller Hindenburg Research put out a report claiming that executives at one of India’s largest conglomerates were manipulating the company’s stock price.

The Adani Group and its multibillionaire founder Gautam

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