Hedge Funds

Hedge fund billionaire Bill Ackman says Hindenburg’s report about India’s Adani Group is ‘highly credible’

Adani Group said that it is evaluating remedial and punitive action under US and Indian laws against Hindenburg Research

Bill Ackman flagged similarities between Adani Group’s response to Hindenburg’s report and Herbalife’s response to Pershing Square’s presentation
Bill Ackman flagged similarities between Adani Group’s response to Hindenburg’s report and Herbalife’s response to Pershing Square’s presentation Photo: Getty Images

Pershing Square CEO Bill Ackman said Hindenburg Research’s report about Gautam Adani’s corporate empire Adani Group is  "highly credible" and "extremely well-researched".

In a 27 January post on Twitter, Ackman backed the 24 January report from the New York-based activist short-selling firm founded by Nathan Anderson.

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