Short Seller Jim Chanos Shuts Hedge Funds After 38-Year Run
- Chanos & Co. will return most capital to investors by Dec. 31
- Long-time bear is best known for wagers against Enron, Tesla
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Jim Chanos, the legendary short seller known for his bearish bets against Enron and Tesla Inc., is shuttering his hedge funds after almost four decades.
Chanos & Co., which he founded as Kynikos Associates in 1985, plans to return most capital to investors by the end of the year, according to a letter to clients Friday.