Muddy Waters shorts Canada’s Fairfax Financial alleging asset value manipulation ...Middle East

Short seller Muddy Waters has placed bets against the shares of Canada’s Fairfax Financial FFH-T, its founder Carson Block said on Thursday, alleging manipulation in asset values. “Muddy Waters is short Fairfax because we find that Fairfax has consistently manipulated asset values and income by engaging in often value destructive transactions to produce accounting gains,” it said in a research note. Fairfax, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and investment management. The post Muddy Waters shorts Canada’s Fairfax Financial alleging asset value manipulation appeared first on Canadian News Today.

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Last updated : 08 February 2024 clock 05:29 PM

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Muddy Waters shorts Canada’s Fairfax Financial alleging asset value manipulation ...Middle East

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