Carson Block Launches Hedge Fund Muddy Waters Capital LLC

Carson Block, who shot into fame after challenging the accounting practices of a number of Chinese companies, launched a hedge fund investment firm with $100 million from one investor. Block, founder of research firm Muddy Waters, specialized in short-selling research that he distributed free of charge. Carson Block to manage outside money According to a filing with the U.S. Securities and Exchange Commission, the new company, Muddy Waters Capital LLC, combines activism with long-short strategies, but with emphasis on betting against companies. Block’s original Muddy Waters will continue to distribute its research free. The original firm had been making money by trading…