CategorySahmAdrangi

SahmAdrangi is the founder of Kerrisdale Capital Management

The Kerrisdale Capital Management raised nearly $100 million to go against a single stock from investors, someone that understood the situation told Reuters. It appears as if the new Kerrisdale “co-investment” fund is the first of its kind. The Managers at Hedge fund sometimes raised money that would focus on a given investment thesis, like the recovery of troubled energy firms or residential mortgaged securities. Nonetheless, the New York firm plans to use the money to stock a company that would be availed soon.  According to an email reviewed by Reuters, SahmAdrangi notes that the firm had raised a meaningful amount of capital within a short time, hence they had struck a chord within the alternative community. Shane Wilson, an analyst at Kerrisdale, focused on the upcoming campaign and Adrangi are working on a website, report, video among others to convince others about their thesis.

Adrangi added in the note that they had taken the firm’s worth close to $10 billion and they had endeavored to get everyone to comprehend the insights they had, concerning it. The targeted company was scheduled to be unveiled in Mid-May according to a person who spoke on condition of anonymity since the information was not supposed to be released to the public. According to the letter, the firm had started establishing a position in the unnamed company.

SahmAdrangi, founder and Chief Investment Officer of Kerrisdale Capital Management, began his career in credit-performing as well as leveraged loan debt financings at Deutsche Bank. Besides, he served as an advising creditor committee in the bankruptcy and restructuring situations at Chanin Capital Partners. Before he had invested in banking experience, Mr. Sahm spent many years at a multi-billion-dollar hedge fund, Longacre Management.

The Bachelor of Arts in Economics degree holder from Yale University has been a speaker at various conferences such as the Value Investing Conference, Sohn Conference, the Distressed Debt Investing Conference, Traders 4 a Cause and the Activists Investor Conference. Furthermore, he appeared in interviews on CNBC as well as Bloomberg in addition to featuring in major publications such as the New York Times, Business Daily, the Wall Street Journal, BusinessWeek, the Washington Post among others.

 

 

SahmAdrangi Founder Kerrisdale Capital

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.

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