A prominent short-seller is adding a new client fee to pay for beefed-up security
Carson Block is the founder of Muddy Waters. Bloomberg/Getty Images Carson Block's Muddy Waters Research has added a fee that could be as much as 0.1% to cover security costs. The firm's leaders are also paying for parts of the security themselves. Short-sellers have had a tough stretch, thanks to resilient markets and campaigns against them. One of the world's most prominent short-sellers in the world is asking its backers to help cover its rising security costs. Carson Block's Muddy Waters Research — which manages more than $500 million, according to regulatory filings — is adding a new fee that could be as high as 0.1% to pay for security costs, a person close to the manager told Business Insider. The firm's principals will also chip in to pay for security costs, the person added. There wasn't a single event that led to this decision, the person said; the firm decided to increase security in response to rising safety concerns. Muddy Waters declined to comment...
