All articles tagged with #jim chanos
Originally Published 3 months ago — by Financial Times
The article features a Q&A with Jim Chanos, a prominent investor, discussing his insights and perspectives on the current financial landscape.
Originally Published 6 months ago — by Bloomberg.com
Jim Chanos warns of a potential market correction due to a slowdown in AI demand, comparing the current AI boom to the 1990s tech bubble, and criticizes the valuation practices of Bitcoin treasury companies and Tesla, highlighting risks of overvaluation and market exuberance.
Originally Published 2 years ago — by Markets Insider
Jim Chanos, the legendary short-seller and longtime Tesla bear, criticized Elon Musk's supporters in an expletive-laden post on social media. This comes shortly after it was reported that Chanos would be shutting down his hedge funds. Chanos referred to those who believe rocket explosions are a success as "cult members" and urged them to "sit down and STFU." The reasons behind Chanos' tirade are unclear, but he had already made headlines for his plans to close his funds by the end of the year. His funds currently manage $200 million, down from $6 billion in 2008, and have experienced a 4% decline this year, while the S&P 500 has risen 18%. Chanos gained fame for correctly predicting Enron's collapse and has been a vocal critic of Tesla, calling it a "hopes and dreams stock" that is overvalued.
Originally Published 2 years ago — by Financial Times
Prominent short seller Jim Chanos has announced that he will be closing his main hedge funds, citing a challenging market environment. Chanos, known for his successful bets against companies such as Enron, has decided to wind down his funds after nearly four decades in the industry. This move comes as a surprise to many, as Chanos has been a prominent figure in the investment world.
Originally Published 2 years ago — by CNBC
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.
Originally Published 2 years ago — by Financial Times
Prominent short seller Jim Chanos has announced that he will be closing his hedge funds, citing challenging market conditions and a desire to focus on managing his own wealth. Chanos, known for his successful bets against companies such as Enron, has been a prominent figure in the financial markets for decades. The closure of his hedge funds marks a significant shift in his career and highlights the difficulties faced by hedge fund managers in today's volatile and unpredictable market environment.
Originally Published 2 years ago — by Yahoo Finance
Investment manager Jim Chanos has revealed his 10 short positions for 2023, targeting companies such as NVIDIA, Tesla, Robinhood, Uber, Harley-Davidson, Caterpillar, and Taiwan Semiconductor Manufacturing. Chanos remains skeptical about the market's bullish scenario, citing concerns about valuation levels, rising interest rates, and falling corporate profitability. He has also raised several hundred million dollars to take short positions on US-listed real estate investment trusts, particularly those with exposure to data centers. Chanos believes that these companies face growing competition and potential trouble in the future.
Originally Published 2 years ago — by MarketWatch
Short-seller Jim Chanos points out that Tesla's order backlog is below year-end levels, even as it's been cutting prices. Tesla CEO Elon Musk has said the automaker would consider advertising, which it has eschewed, even as he believes doing so would largely be preaching to the choir. Tesla shares have soared 35% this year but have dropped 46% from its highs of August.