tldrdailynews.com logo

Jim Chanos, Enron's Fall Predictor, Closes Hedge Funds After 38 Years

1 min read
Source: CNBC
Jim Chanos, Enron's Fall Predictor, Closes Hedge Funds After 38 Years
Photo: CNBC
TL;DR

Renowned short seller Jim Chanos is converting his hedge fund, Chanos & Co., into a family office and advisory business, returning external capital to investors. The move comes as assets managed by Chanos & Co. have significantly declined to below $200 million from $6 billion in 2008. Chanos, known for his successful bet against Enron, is transitioning to the family office model amidst a strong stock market rally in 2023. He had previously made short bets on Tesla, citing rising competition in the electric vehicle market.

Topics:businessfinance#enron#family-office#finance#hedge-fund#jim-chanos#short-seller
Share this article
  1. Jim Chanos, the short seller who called Enron's fall, is converting hedge fund to a family office  CNBC
  2. Short seller Jim Chanos to close hedge funds, return cash to investors: report  MarketWatch
  3. Short-Seller Jim Chanos to Shut Hedge Funds After 38-Year Run  Bloomberg
  4. Short-seller Jim Chanos, who cashed in by betting on Enron's infamous collapse, to close his hedge funds after 38 years  Fortune

Want the full story? Read the original reporting

Read on CNBC