Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital. Kerrisdale Capital is a company which specializes in single stock investments, particularly betting against these. Most recently, his fund has raised approximately $100 Million for the purpose of shorting a unknown publicly-traded company. Industries typically targeted for investment by Mr. Adrangi’s fund are: biotechnology, telecommunications and mining. He is also known for exposing fraud by Chinese companies, as the SEC was prompted to action from the tip off by Mr. Sahm Adrangi.
The company was able to raise funds for this purpose very quickly, and are aiming to convince others of this need very quickly. The company struck a cord with alternative investors looking at different asset classes. The company is also actively preparing a report in order to convince others of their view on this stock.
Sahm Adrangi launched the company with just under $1 million in assets. From this initial investment, he grew the fund to manage $150 Million in July 2017. The firm is a research-oriented investment firm which focuses on value-driven investments, correcting many of the common misconceptions that people find in the marketplace. Kerrisdale Capital Management was launched in 2009, so the company was able to achieve a great level of success in a small amount of time. The company corrects shorts and longs in the market, and aims to work in overhyped areas of performance. Prior to this fund, Mr. Sahm Adrangi managed $2 Billion at Longacre Fund Management, LLC.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018
Mr. Sahm Adrangi began his career in credit, working at Deutsche Bank to do high-yield and leveraged loan debt financing and advising creditors in bankruptcy. He previously worked at a hedge fund which purchased and traded in distressed debt. Mr. Adrangi has also been a conference speaker, primarily at conferences which focus on distressed debt and conferences which target activist investors.