Safkhet Capital Launches South Korea Long Fund as Fahmi Quadir Shifts From Short Selling
Updated
Updated · Bloomberg · May 22
Safkhet Capital Launches South Korea Long Fund as Fahmi Quadir Shifts From Short Selling
2 articles · Updated · Bloomberg · May 22
Fahmi Quadir is starting a new Safkhet Capital fund to take long positions in South Korean stocks, a sharp turn for an investor best known for high-profile short campaigns.
South Korea is the target because valuations remain depressed even after the market became the world's best performer, giving Quadir room to apply her forensic stock-picking approach on the long side.
Quadir, dubbed "The Assassin" for bets against companies including Wirecard and Valeant, had already disclosed her first Korea long position and said the trade is unrelated to the AI boom.
The move also reflects tougher conditions for short sellers, which Quadir has described as an existential crisis despite what she sees as a golden age of fraud.
Why is Wall Street's 'Assassin' abandoning her hunt for her first-ever long bet on Korea?
In this 'golden age of fraud,' is the watchdog of Wall Street going extinct?
Amid new regulations and fraud trials, is the very act of short-selling on trial?