Short-seller Muddy Waters sees ‘unharvested’ opportunities in credit
- David Orbay-Graves
Prominent short-seller Muddy Waters made its first foray into shorting a pure-play credit situation late last year, with its broadside against German- and UK-focused real estate company Vivion Investments.
In an interview with 9fin, Muddy Waters’ founder Carson Block said that thin coverage of credit-only situations has resulted in untapped opportunities for short-sellers. The bear case on Vivion was relatively undiscovered because the company does not have equity, according to Block.