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Short seller Chanos betting against data centers
1 month ago | By The Real Deal New York
Data centers may be quaking in their 0s and 1s after a major hedge fund manager revealed his big bet against legacy properties in the sector. Short seller Jim Chanos is raising hundreds of millions of dollars for a fund that will take short positions in U.S.-listed REITs, the Financial Times reported. Chanos, president and founder of Chanos & Company LP known for predicting the collapse of Enron more than 20 years ago, is using
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Legendary investor Jim Chanos is raising over $200 million for a 'big short' against data centers
1 month ago | By Business Insider
Jim Chanos. CNBC/Getty
Jim Chanos is raising more than $200 million to bet against REITs that own data centers.
The short seller expects them to be disrupted by their key tenants: Amazon, Alphabet, and Microsoft.
"This is our big short right now," he told the Financial Times.
Jim Chanos is raising more than $200 million for a fund that will bet against US-listed real estate investment trusts , the Financial Times reported this week. The famed short seller is deeply bearish on REITs that own legacy data centers, as he expects them to be disrupted by their biggest tenants: Amazon, Alphabet...
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