SahmAdrangi’s Achievements by Just Betting Against a Single Stock
SahmAdrangi is the founder of Kerrisdale Capital Management which is located in New York. Recently, the company managed to raise around $300 million from investors and to which it plans to bet against a single stock. Most hedge fund managers prefer to raise money and use it on a specific investment thesis such as residential mortgage-backed securities. Kerrisdale Capital, on the other hand, plans to use the raised money to sell stocks to a public company. According to the founder, they managed to raise such a massive amount of money within a short period by providing topics of importance to different communities. He added that they managed to purchase a company worth $10 billion and they needed every individual to understand all the information provided about it.
Kerrisdale analyst, Sahm Adrangi and Shane Wilson, put more attention on the campaigns to ensure they worked on a website, video, and report to be able to convince more companies on their thesis. Later, Kerrisdale took one of the targeted companies from the companies that forwarded their thesis and then purchased stocks to settle on its position in the company.
Kerrisdale currently manages $500 million which includes the raised funds. It has been able to bet against companies for some time now and always takes their case public. Its main hedge fund bets against and for company stocks have resulted in an annual return of around 28% in the past five years. However, since 2016 to March 2017 it has been down to 7%.
He is the founder of Kerrisdale Capital Management. He founded the company in 2009, and since then he has always been involved in the way it works. The company had grown from $1 million when he founded it to $150 million. He became famous after he exposed fraudulent firms from China.
Adrangi had his education at Yale University where he studied a bachelor of Economics, Arts. His career in finance began at Deutsche bank, Longacre Management, and Chanin Capital Partners. In his company, he ensures they focus on specific sectors where they are experts. He has also been featured in various publications, he has appeared in interviews, and he has been a speaker at many conferences.