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Legendary hedge fund manager Jim Chanos, known for short-selling strategies, is facing challenges as his firm, Chanos & Co., manages less than $200 million today, down from $8 billion. Chanos has struggled to turn his pessimistic positions into profits while markets generally moved higher. He believes the long/short equity business model has come under pressure and interest in fundamental stock pickers has waned. Despite this, Chanos sees a golden age of fraud with plentiful short opportunities.
Jim Chanos says this is a golden age of fraud with plentiful short opportunities as he converts fund https://t.co/HeXBlvUeoQ
'It is no secret that the long/short equity business model has come under pressure and interest in fundamental stock pickers has waned.' - Jim Chanos https://t.co/ojiq5xvwBI
Wow, short seller Chanos is only managing $200mn today, down from $8 billion according to WSJ: Chanos has struggled to turn his pessimistic positions into profits while markets generally moved higher. His firm, Chanos & Co., manages less than $200 million today, down from $6… https://t.co/mRndb1Nuv5
The dollar is now so weak that even legendary hedge fund managers can't make a living calling out stock market frauds anymore. Once bitcoin is a bit more mature, I hope to witness the rise of BTC denominated short selling. https://t.co/nyMPDBuM4z
Everyone is afraid to allocate to short-selling strategies. What else do you need to know? Jim Chanos is a legend and should soon be crushing it in his personal and separately managed accounts. https://t.co/zgRatjz3LA via @WSJ