SahmAdrangi is not only the founder of Kerrisdale Capital in New York but also it’s Chief Investment Officer. He launched the company in 2009 with a capital of 1 million dollars. It is Under the leadership of Sahm that the firm has grown, and as of July 2017, it manages 150 million dollars. The company mainly focuses on researching and correcting greatly misunderstood concepts about companies’ fundamental business concepts. Mr. SahmAdrangi shares his opinion on stocks, such as overhyped shorts and under-followed longs on the firm’s website, twitter and on third-party investing-related sites.
He made a name for himself when he shortened and exposed fake Chinese companies such as Lihua International, China Marine Food Group, and China-Biotic. He did this by revealing ways in which these companies were cooking their books. Several of his target companies became subject to law enforcement action from the Securities and Exchange Commission. At the start of his financial career, Mr. Adrangi worked at Deutsche Bank in leverage and high yield loan debt financings. He also participated in advising various creditor committees at Chanin Capital about matters concerning bankruptcy as well as out-of-court reformation situations. Apart from his experience in investment banking, he also spent many years working at Longacre Management, a multi-billion hedge fund.
Recently, Mr. Adrangi has focused on the firm’s effort to develop expertise in several sectors. He has published research on the development of sectors such as the mining sector, Biotechnology sector, telecommunications sectors carrying out vast research on companies’ involved in each sector. In Addition to his publishing, he is also an activist. In 2014, he led a deputation contest to replace the Directors of Morgan Hotel Group with two elected directors from his slate. He also engaged with Lindsay Corporation Management to optimize their capital allocation and cash Development policies.
Mr. Adrangi has given speeches at several conferences including the Value Investing Conference, the Activist Investor Conference, Traders 4 a Cause and the Distressed Debt Investor Conference. He has been featured in numerous articles and interviews including Bloomberg, and CNBC. He has also been featured in major publications such as the New York Times, Businessweek, the Washington Post and Wall Street Journal.