Jim Chanos to Close Hedge Funds After Nearly Four Decades
Jim Chanos, the legendary short-seller who famously bet against Enron and Tesla, is closing his hedge funds after nearly four decades. Chanos & Co., formerly known as Kynikos Associates, plans to return capital to investors by the end of the year. This decision comes as the long/short equity business model faces challenges and interest in stock pickers declines. Chanos will continue to offer investors advice on short ideas and profitable macro insights.