Sahm Adrangi is the Chief Investment Officer and Founder of Kerrisdale Capital Management, and he has recently raised close to $100 million to wager against one stock. This new kind of co-investment fund is one of a kind, and while some hedge funds are raised to revitalize a company, this fund is being raised to short a company’s stock. Sahm Adrangi felt like investors were on the same page as he was because of how quickly he was able to raise the capital for the short, and he put together a report that illustrated the logic behind doing so. While the company, in question, was not revealed immediately, the fund bought up some of its stock ahead of time in order to get a jump-start.
Kerrisdale, and Sahm Adrangi have a track record of publicly wagering against specific companies, and the company currently is managing close to $500 million. The company’s number one hedge fund makes bets for and against different companies’ stocks and averages a yearly return of roughly 28%, so there is no doubt about its success. Some the fund’s current activity includes shorting Globalstar, Zafgen, and Sage Therapeutics, and it is expected to continue to find success through this method. Click Here for more information
Sahm Adrangi has been a part of every aspect of Kerrisdale Capital Management since its creation in 2009, and he introduced the company with less than $1 million. Today, Kerrisdale is managing close to $150 million, and most of its success can be attributed to Sahm Adrangi and his research. Adrangi’s role with the company is to shed light on different company’s business prospects and to clear up misunderstandings in the industry. He first become well-known when he called out dishonest Chinese companies like Lihua International and China Marine Food Group, and some of the companies he looked closer eventually faced actions from the Securities and Exchange Commission.
Sahm Adrangi has spoken at a spread of conferences, such as, the Value Investing Conference, the Sohn Conference, and the Traders 4 a Cause, and he has also been interviewed by Bloomberg, CNBC, the Washington Post, and many other media outlets and publications.