Carson Block Cuts Short Bets, Ducking Bear-Hunting ‘Mob’
- Muddy Waters spotted potential squeeze earlier this month
- Firm began covering shorts, reduced last big position today
Carson Block
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Carson Block said his Muddy Waters Capital “massively reduced” its short positions in recent days, mostly avoiding the buying frenzy that has burned at least two other hedge funds.
“There are no medals for valor in this business,” Block said by phone from California. “Being one of the more high-profile short-sellers, it would not be smart for us to have appreciable risk on in any name.”