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Jim Chanos Unveils Lastest Short As Fund Manager Bets On Further Market Declines

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Rupert Hargreaves
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Jim Chanos has a new short target in his sights. Earlier this week, the hedge fund manager disclosed that he is betting against "legacy" data centers that face growing competition from the trio of technology giants, which have previously been their biggest customers.

The fund manager, who is best known for his winning bet against the energy giant Enron two decades ago, believes that data centers owned by companies such as Digital Realty Trust and Equinix are under threat as big tech companies build their own infrastructure.

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The Biggest Short

Amazon Web Services, Google Cloud, and Microsoft Azure are the most prominent tenants of...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha