One of the biggest moves in history was when Kerrisdale Capital Management a hedge fund company sourced for capital worth $100 million to short stock a single stock in 2016. The move was under the leadership of the Chief Investment Officer, Sahm Adrangi.
What stuck is how quickly they raised the capital. Sahm Adrangi was to give out a full analysis of how they came to short stock just one company. They even had started buying stock in the said company to ensure they stamp their position in it. They were to use videos and a thesis on their identification of the company and the implications.
Kerrisdale has always been in the limelight for their publications on fraudulent companies. The firm believes in analysis backed up with evidence. The company is based in Boston and was founded by Sahm Adrangi in 2009. As at 30th June 2017, the portfolio value of the firm was above $108 million.
Under Sahm Adrangi, Kerrisdale Capital has been able to have a successful track record. The company has been on the journey towards bringing to light corporate fraud. Sahm Adrangi’s career had started off being hedge fund investor. He was able to uncover some fraudulent companies that had found their way in North America and appearing as listed companies.
What brought Kerrisdale to light when they were starting out was when they raided the Chinese Education Alliance (CEU). The company claimed they were making $22 million in revenue. Adrangi used investigators to make inquiries. Surprisingly, the alleged building where the firm operated was empty. That’s when Adrangi out a bet that CEU would collapse which it did.
Adrangi’s experience is what has brought Kerrisdale this far. The firm maintained a top ranking as ranked by the Barclays Hedge Fun in 2012. Adrangi graduated in Yale University with a B.A in Economics. He proceeded on to Deutsche Bank and joined the finance department as an analyst. Later on, he joined Longacre Fund Management. His breakthrough came when he founded Kerrisdale Capital Management.
He has been influential and very resourceful with information. He has been called in interviews by several publications to offer his insight.
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