One of the more popular short seller, the billionaire hedge fund manager and president of Kynikos (Greek for "cynic"), Jim Chanos, who had been polevaulted to fame with his critical "whistle blowing" short position on Enron (which became bankrupt in 2001 and was embroiled in a scandal that led to its demise) and who made a fortune betting against banks and brokers declared that he is targeting Big Pharma.
From the Australian News, ``Mr Chanos is estimated by Trader Monthly, an American trade magazine, to have made up to $US350 million ($418m) personally in 2007. He profited from the collapse of Enron and in April 2007 warned finance ministers of the Group of Eight leading economies that banks and brokerages were heading for a calamity."
From the Business Insider,
From the Australian News, ``Mr Chanos is estimated by Trader Monthly, an American trade magazine, to have made up to $US350 million ($418m) personally in 2007. He profited from the collapse of Enron and in April 2007 warned finance ministers of the Group of Eight leading economies that banks and brokerages were heading for a calamity."
From the Business Insider,
