Reported 8 months ago
Carson Block, known for betting against companies, is raising funds for a new Muddy Waters Resources Fund to invest in rising metals and mining stocks. The fund filed a private placement notice with the SEC, initially raising about $1.5 million this month. Muddy Waters Capital, based in Austin, Texas, is exploring new investment strategies amidst the record-breaking stock market, with previous successes in setting up a long-only fund for Vietnam and engaging in activist campaigns, such as targeting Canadian miner Mayfair Gold Corp.
Source: YAHOO