The Elara-owned Oyster Bay Fund borrowed from Nomura to make leveraged bets on Adani Enterprises and Adani Ports. Those positions collapsed after Hindenburg Research’s January 2023 report accused the Adani Group of “brazen stock manipulation” and suggested Elara-linked funds were involved, according to High Court filings.
Recent Posts
- Elon Musk’s Boring Co. tunnels aren’t wanted by most Nashville residents
- Sen. Warren rips Federal Reserve chair pick Kevin Warsh: ‘You have learned nothing from your failures’
- Put Bitcoin Down On Your Next Home—Fannie Mae Now Takes Crypto
- Xos Delivers Third Consecutive Quarter of Positive Operating and Free Cash Flow, Accelerates Platform Expansion Across Vehicles, Powertrains, and Energy Storage
- LB Pharmaceuticals Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Corporate Update