Anonymous hackers set up activist hedge fund

In an unusual departure, a group of internet hackers best known for its online activism has apparently become a short-selling hedge fund similar to Muddy Waters.

Using the name Anonymous Analytics, the group published a 38-page report on Chaoda Modern Agriculture last week that claimed to provide evidence of “one of the Hong Kong exchange’s largest and longest running frauds”.

The report is prefaced with a legalistic disclaimer and, unusually for an activist group, states that it will profit from any collapse in Chaoda’s share price “You should assume that as of the publication date September 26 our associates, partners, affiliates, consultants, clients and other related parties...