When Fiat Lux Partners burst onto the short selling scene in January with a scathing critique of an activist short seller report, rumors surged regarding the identity of the new outfit. Was it being financed by the companies targeted by short sellers? Was veteran short seller Marc Cohodes, a virulent critic of several activist short sellers and their tactics, behind it? Or was it, as one short seller suggested, simply “a bitter troll,” possibly a former employee at a short selling fund?
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