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Report: Muddy Waters Founder Carson Block To Start A Hedge Fund

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According to Reuters, Carson Block has launched a hedge fund investment firm. Block is best known for founding Muddy Waters Capital, a research firm that analyzes and exposes Chinese-based firms that may be engaged in fraudulent accounting practices.

One of Block's most publicized research reports focused on Sino-Forest, a Canadian-listed Chinese company. Block argued that Sino-Forest was a "multibillion-dollar Ponzi scheme" that was inflating its earnings.

Reuters added that Block has received an initial investment of $100 million and he will continue distributing his free research reports.

 

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Posted-In: Carson Block Hedge Funds Muddy Waters ReutersShort Sellers Hedge Funds General