Muddy Waters Research

Muddy Waters Research is an activist investment firm that conducts investigative research on public companies while also taking investment positions that mise their research. The firm has exposed accounting problems and fraud at a number of companies, primarily in China, but also in other countries in North America, Europe, and Asia.


Business Fraud

Business fraud reports focus on issuers that have massively overstated their revenues.

Accounting Fraud

Accounting fraud reports cover real businesses that boost profits through fraud.

Fundamental Problems

Fundamental problem reports discuss opaque businesses that have serious fundamental problems that the market does not yet perceive.