Carson Block is the Chief Investment Officer of Muddy Waters Capital LLC, an activist investment firm. Muddy Waters conducts extensive due diligence-based investment research on companies around the globe. Bloomberg Markets Magazine named Mr. Block as one of the “50 Most Influential in Global Finance” in 2011. The following year, Muddy Waters received the prestigious Boldness in Business Award from the Financial Times in 2012. In September 2015, Mr. Block was featured in the book, “The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions”, by former Bloomberg writer Richard Teitelbaum, and the feature 2018 film “The China Hustle”.*
Activist campaigns conducted by Muddy Waters have led to numerous financial restatements, preceded the delisting of 11 public companies and resulted in approximately $2 billion in awards/fines/settlements1
Mr. Block appears frequently as a commentator on Bloomberg Television, CNBC, and the BBC. He has written op-eds in the Wall Street Journal, Financial Times, and The New York Times on various topics related to improving corporate governance and market transparency.
Prior to forming Muddy Waters, Mr. Block was an entrepreneur in China and worked as a lawyer in the Shanghai office of the U.S. law firm Jones Day. In 2007, he co-authored “Doing Business in China for Dummies,” a primer on doing business in China. He holds a B.S. in Business from the University of Southern California and a J.D. from the Chicago-Kent College of Law, where he has also served as an adjunct professor.
Scott Devinsky is the Chief Operating Officer and Chief Financial Officer at Muddy Waters Capital LLC.
Prior to joining Muddy Waters in October 2016, Scott was the Chief Financial Officer and Chief Compliance Officer at Ratan Capital Management, LP, a global long/short equity hedge fund from April 2014 through October 2016. Scott previously was a cofounding partner and Chief Financial Officer at First Oak Capital Management, LP. Prior to First Oak Capital Management, LP, Scott was the Chief Financial Officer at Seasons Capital Management from April 2006 to July 2010. Scott was at Eastbourne Capital Management from April 1999 to April 2006, where he was promoted from Portfolio Accountant to Hedge Fund Controller in 2003.
Scott holds a B.S. in Accounting from the State University of New York – New Paltz.