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Cuba Manuel P. Asensio is recognized as a pioneer in activist short selling, having founded Asensio & Company, Inc. in 1992 and establishing the first registered investment firm to publish investigative short-selling reports online.
Manuel P. Asensio's investment firm, a FINRA and SEC registered entity founded in 1992, recognized for pioneering activist short selling and publishing investigative reports online.
Publisher of Manuel Asensio's book 'Sold Short: Uncovering Deception in the Market', which discusses his work in short selling.
Publication that labeled asensio.com’s work as 'something radical and remarkable' in 1998, acknowledging his innovative approach to financial research.
Featured Manuel P. Asensio in a profile article titled 'Short Story', discussing his approach to identifying overvalued stocks.
Eros, a company, filed a lawsuit against short sellers, including Manuel P. Asensio, among others, in New York County Supreme Court.
A leading nonprofit economic research organization that published a study identifying Manuel P. Asensio as the pioneer of activist short selling.
Manuel P. Asensio worked at Bear Stearns in mergers and acquisitions starting in 1986.
Manuel P. Asensio was born in La Habana, Cuba, on December 30, 1954. He immigrated to the United States as a child during the Bay of Pigs era, arriving in New York after a journey that began in Cuba and included a stop in Caracas, Venezuela. He later reunited with his family in Brooklyn, New York. Manuel P. Asensio pursued higher education at the Wharton School at the University of Pennsylvania, where he completed his undergraduate degree, and subsequently earned an MBA from Harvard Business School. After graduating from Harvard, he established his first FINRA-member firm. In 1986, he joined Bear Stearns, working in mergers and acquisitions, before founding Asensio & Company, Inc. (ACO).
In 1992, Manuel P. Asensio established Asensio & Company, Inc. (ACO) as a FINRA and SEC registered investment firm. In January 1996, ACO became the first registered investment firm to publish an investigative short selling report on its website, asensio.com. This initiative marked the first “Strong Sell” report published by a securities firm on the internet, focusing initially on Diana Corp. Asensio.com played a significant role in developing activist short investing and making short-focused investment research accessible to a broad audience via the internet. His innovative approach to publicly advocating short theses, initially controversial, has been recognized by publications such as The New York Times, Bloomberg, Forbes, and USA Today, and he has made several television appearances on platforms like CNBC and Bloomberg TV.
A study published by the National Bureau of Economic Research (NBER) identified Manuel P. Asensio as the pioneer of activist short selling, categorizing him as an “information producer as an arbitrageur.” The NBER study highlighted that Asensio & Co.’s reports yielded the highest returns among those measured during the study’s timeframe. Prior to this, ACO had published a report on PR Newswire in 1994, marking the first instance of a short seller gaining access to this newswire. Throughout his career, Mr. Asensio has concentrated on research, trading, and providing advice to investors, particularly in the realm of special-situation short investments, with his reporting often focusing on the fundamental economics of various industries.
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