Axler touts value of activst strategies; says they help bring fraud to light
By Chris Clair
Thursday, July 24, 2014
Ben Axler, founder of Spruce Point Capital Management and co-founder of Prescience Point Research Group, tells Reuters' Jeanine Prezioso that short sellers risk their reputation and capital by making their opinions public. He also points out that some of the biggest financial frauds in recent times – Enron, Lehman Brothers, Worldcom – were initially brought to light by activist short sellers. "We need more skepticism here and we need people that are critical and question the status quo. It's very important to allow the short seller to have an opinion."
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