Carson Block, who shot into fame after challenging the accounting practices of a number of Chinese companies, launched a hedge fund investment firm with $100 million from one investor. Block, founder of research firm Muddy Waters, specialized in short-selling research that he distributed free of charge.
Carson Block to manage outside money
According to a filing with the U.S. Securities and Exchange Commission, the new company, Muddy Waters Capital LLC, combines activism with long-short strategies, but with emphasis on betting against companies. Block’s original Muddy Waters will continue to distribute its research free. The original firm had been making money by trading its principals’ own capital,...
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