Gotham’s Batman of Short Sellers Takes Down Spain’s Gowex
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The insolvency of Spanish Wi-Fi provider Let’s Gowex SA has drawn attention to a secretive New York short seller named Daniel Yu, who compares his work to the heroic deeds of Batman.
Yu, founder of Gotham City Research LLC, named his firm after the city where the comic-book hero fights crime. Like the Caped Crusader himself, Yu is protective of his privacy and declined to reveal his age, educational details or the number of people who work for him. In interviews with Bloomberg News, he said he devoted himself to betting against troubled companies after getting burned by an investment in mortgage lender Freddie Mac in 2008.