Jim Chanos, Enron's Fall Predictor, Closes Hedge Funds After 38 Years

Renowned short seller Jim Chanos is converting his hedge fund, Chanos & Co., into a family office and advisory business, returning external capital to investors. The move comes as assets managed by Chanos & Co. have significantly declined to below $200 million from $6 billion in 2008. Chanos, known for his successful bet against Enron, is transitioning to the family office model amidst a strong stock market rally in 2023. He had previously made short bets on Tesla, citing rising competition in the electric vehicle market.