Daniel Yu drew inspiration from his favourite DC superhero (The Dark Knight) when he gave himself the nickname, “the Caped Crusader.” Mr Yu has spent his time in 2014 casting a watchful eye over Wall Street looking out for fraudulent activity, and as a result has taken down three European businesses. Even more interesting is the stock that associated with those businesses have fallen on average of 76 percent. He is now 2014’s best short seller, according to an analysis by database Activist Shorts Research, which looks over short sellers who make their research public.
Mr Yu’s targets are tech companies, starting with Gowex who filed for bankruptcy in 2014, and following that was the executive team apologising for making false claims publicly. The second company was UK-based by the name of Quindell, its leader resigning after a series of serious mistakes. Since Mr Yu’s report the company’s stock has plummeted 80%.
Mr Yu remains driven by the financial losses he experienced during the crisis of 2008 and as a result is very cautious of who he works with. His mission is clear: eliminate fraud globally!
Mr Yu has a big following on Twitter, and while the NY Post met him in person he declined the offer of a formal interview. He seems much like the Dark Knight himself. Mr. Yu prefers to operate in the background, the darkness, the shadows, waiting for his prey and when the time is right he will strike fear in those who have committed crime.
Source: nypost