Seasoned short-seller Jim Chanos, who famously exposed – and profited from – the accounting scandal at Enron, has partnered with London-based Green Ash Partners to launch a new equity long/short hedge fund, according to a report by Bloomberg.
Seasoned short-seller Jim Chanos, who famously exposed – and profited from – the accounting scandal at Enron, has partnered with London-based Green Ash Partners to launch a new equity long/short hedge fund, according to a report by Bloomberg.
The report cites a company statement as revealing that the new fund started trading this month with about $20 million of internal capital.
Chanos, who also successfully shorted Wirecard AG, has spent over three decades aiming to deliver returns by primarily betting on a fall in share prices and he sees “overwhelming” opportunities for the new fund to find “overvaluation wherever the market excesses are”.
The new fund which complies with the European Union’s UCITS Directive, allows clients the flexibility to get in and out of the position on a daily basis.
