Muddy Waters founder Carson Block raises funds to bet on the rise of metal and mining stocks
Carson Block, the founder of the short-selling agency Muddy Waters, is currently raising funds for a fund that will bet on the continuously rising metal and mining stocks. Data shows that the S&P Metals & Mining Select Industry Total Return Index has achieved double-digit percentage gains for the past five consecutive years. It is reported that the Muddy Waters Resources Fund submitted a private notice to the U.S. Securities and Exchange Commission (SEC) on Tuesday, indicating an initial fundraising of about $1.5 million for the fund this month. With the U.S. stock market continuously hitting new highs, some short sellers are exploring other strategies. Earlier this year, Muddy Waters set up a long-only Muddy Waters New World Order fund to invest in Vietnam. In the past year, the company also launched a campaign against the Canadian mining company Mayfair Gold Corp. and holds shares in the company
According to the financial news app Zhitong Finance, Carson Block, the founder of the short-selling agency Muddy Waters, is currently raising funds for a fund that will bet on the continuously rising metal and mining stocks. Data shows that the S&P Metals & Mining Select Industry Total Return Index has achieved double-digit percentage gains for five consecutive years. It is reported that the Muddy Waters Resources Fund submitted a private notice to the U.S. Securities and Exchange Commission (SEC) on Tuesday, indicating that the fund initially raised about $1.5 million this month.
With the continuous record highs in the U.S. stock market, some short sellers are exploring other strategies. Earlier this year, Muddy Waters established a long-only Muddy Waters New World Order fund to invest in Vietnam. In the past year, the company also initiated a shareholder activism campaign against the Canadian mining company Mayfair Gold Corp. and holds shares in the company