- Abacus Global Management (NASDAQ: ABL) refutes short seller claims, maintaining 20-year positive revenue track record.
- The company reported Q1 2025 realized gains of nearly 40% on $126 million deployed capital.
- Abacus plans to pursue legal action against the sources of the alleged false report.
Abacus Global Management (NASDAQ: ABL), a leader in the alternative asset management space, has responded robustly to a recent short seller's report, which the company claims is based on false and misleading information. The company emphasized its consistent 20-year track record in the life insurance policy trading business.
In its Q1 2025 financial report, Abacus reported impressive realized gains of nearly 40% on a deployed capital of $126 million, maintaining valuations within a 2% margin of error from the previous quarter. CEO Jay Jackson highlighted that these results are audited, and suggested that the short report was orchestrated by their largest competitor.
As the only publicly traded company in its category, Abacus stands under high regulatory oversight across multiple states. This public status subjects them to greater scrutiny than their privately-held counterparts, which Abacus views as an advantage. The company intends to provide a detailed rebuttal to the short seller's allegations and to pursue legal action against those responsible for the report.
