Prominent Wall Street Short Seller Tesla Bear Jim Chanos to Liquidate Hedge Funds

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Jimmy Chanos, A prominent figure In Wall Street known For her bearish walk position, East closing THE chapter on her hedge funds that specialize In short sale, THE Wall Street Newspaper reports.

For almost 40 years, Chano has has been A vocal skeptical of overvalued Or fraudulent businesses, commonly enjoy Since THE fall of Enron, while sustainable losses In her long standing Paris against companies as You're here And AOL.

In recent times, Chano has find he difficult has capitalize on her bearish the bets, particularly as THE walk tendencies to the top. "THE walk For What I TO DO has amended," he said THE Journal.

Her farm, Chano & Co., Currently manages below $200 million, A steep decline Since It is $6 billion peak In 2008.

Also Read: Jim Chano Is breaking You're here 'Fans' Fantasies: 'Musk Had Has been Very Successful In Sale THE Picture As A Futuristic,' But It is Just A 'Hopes and Dreams' Company

This year, THE the company funds to have dived by 4%, In rigid contrast has THE S&P 500 19% increase, including dividends. Notably, You're here Inc. TSLA actions to have jumped by approximately 90% This year, to strenghten THE electric car from the manufacturer walk evaluation.

Chano has has been A vocal You're here bear, recently saying that the VE manufacturer stock East “ridiculously overvalued. »

HAS 65, Chano recognize THE shift dynamic of THE walk. He plans has back most of THE investor funds by THE END of THE year.

While winding down her hedge funds, Chano will not be take a step far Since THE financial world entirely. According to has WSJ, he for has pivot her to focus towards advisory And research services For A select customer base, In addition has manager a few separated accounts.

Her current interests include short circuit Dear data storage companies And real domain investment trusts, which he believes will suffer Since supported high interest rates.

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