Fairfax Financial Holdings, led by Indian-Canadian entrepreneur Prem Watsa, came under attack by US hedge fund Muddy Waters, triggering a sharp decline of 12% in its shares on Thursday. Muddy Waters alleged misconduct by the Toronto Stock Exchange-listed company, leading to investor concerns. However, the stock rebounded slightly on Friday following a research note from the National Bank of Canada that played down the accusations.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.