Inside the world of activist short sellers

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Financial Times 13h ago

Inside the world of activist short sellers - Financial Times

Quick Summary:

Investors pulled $600mn out of gold-backed exchange traded funds in the week ending November 8, according to data from the World Gold Council, the biggest weekly outflow since May.

Gold is on track for its worst week in more than three years as Donald Trump’s US election victory and a strong dollar send bullion’s historic rally into reverse, writes Leslie Hook in London.

Days earlier Chanos, a self-styled “real-time financial detective who is incentivised to root out fraud”, had told his backers he was closing his main short-focused hedge funds after more than three decades.