(Bloomberg) Muddy Waters has found its latest target: Canadian insurer Manulife Financial Corp. Short seller Carson Block, who runs Muddy Waters, announced a short position in the firm Thursday, and said its life-insurance subsidiary just concluded a trial with a hedge fund that could lead to billions in losses. Block expects a verdict this year. Manulife said in a statement that it disagrees with Block’s conclusions.
Muddy Waters Shorts Manulife on Risks in Hedge Fund Trial
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