China's Great Short Seller Suddenly Turns Bullish
Investors at a stock exchange corporation on April 7, 2015 in Huaibei, Anhui province of China.
Photograph: ChinaFotoPress via Getty ImagesThis article is for subscribers only.
Jon Carnes is about the last person on Earth you’d expect to turn bullish on China’s stock market.
This is a man who built his career on wagers against Chinese companies, bets so successful that one analyst ranks the 41-year-old among the best short sellers worldwide -- more effective than industry giants from Carson Block to David Einhorn. Carnes’s bearish research caused such a stir in 2011 that he fled China and had to fight off fraud allegations. The ordeal landed one of his colleagues in a Henan province prison.