Aremissoft liquidating trust 2016
Slimmed down and fighting fit, he’s been winning big on a series of short bets against Canadian companies since he made his comeback.
Cohodes says he’s been betting against embattled Valeant Pharmaceuticals International since the summer of 2015.
“What happened to me would put the average person under,” he says.
on Alder Lane Farm, about an hour north of San Francisco on the edge of Sonoma wine country.
While horses stir in their stables and chickens begin to roam the 20-acre property, one of the world’s most fearsome short sellers puts on his usual attire—shorts and flip-flops—and makes his way in the dark to the room behind his garage.
He’s exposed suspect accounting at a number of high-profile companies, including the Belgian speech-recognition software developer Lernout & Hauspie, which went bankrupt in 2001 after being valued at about billion, and mortgage lender Nova Star Financial, where his efforts earned him a Harvard Business School case study published in 2013.“I would not want to be his adversary if I was still a criminal today,” says Sam Antar, who was sentenced to six months of house arrest and 1,200 hours of community service for cooking the books at New York consumer-electronics chain Crazy Eddie in one of the largest securities frauds unearthed in the 1980s.
“A character like Marc”—the two crossed paths later in his life when both were focused on detecting fraud—“you stay away from.”And that’s been relatively easy for at least part of the past eight years.