Kerrisdale Capital Management which was founded in 2009 by SahmAdrangi made headlines in 2016 for raising around $100 million from investors. The funds were for the sole purpose of betting against a specific stock which was later revealed in May 2016 to be Dish Network. SahmAdrangi is the Chief Investment Officer of the company which is based in New York. When asked about their move, he said they wanted to short stock the particular firm which was a public company. The remarkable thing is that the money was raised in an incredibly short span of time. The company which is a small firm took everyone by surprise for making such a bold move. They said that they would take the firm in question which was worth $10 billion. According to an email written to investors, Adrangi pointed out that they were working on a report and videos to convince other people on their reasoning behind the move. In a step to stamp their position, they had already started buying out stock in the said company.
Kerrisdale is known for betting for and against businesses and making it public. For the last five years, as of 2016, they had an average annual return of 28%. The man behind this is SahmAdrangi. He attended Yale University where he studied Bachelor of Arts in Economics. Immediately after graduation, he became an analyst at Deutsche Bank (2004-2005). After Deutsche Bank, he moved to Chanin Capital Partners where he became an analyst up to 2007. During his time at Chanin, he was in charge of advising creditors on bankruptcy restructuring. This also involved representing bankrupt companies. He later joined Longacre Fund Management where he served as a financial analyst too. He then quit to form Kerrisdale and has been working there up to date. SahmAdrangi is known for shorting fraudulent Chinese companies which were later investigated by the Securities and Exchange Commission. He has been able to grow Kerrisdale together with his team of experts regardless of the size of the company. His vast experience in his shorting strategies is what has driven him towards managing Kerrisdale over the years.
AXA Advisors is globally recognized Insurance Corporation headquartered in France. The company works in financial and investment management. The company has expanded its operations to Europe, North America, Asia, Africa and the Middle East. It’s ranked the second most powerful entity operating globally. Although its run independently, it follows different laws and regulations as stipulated by the governments of those countries.
Vincent Parascandola is currently the senior executive Vice President of AXA Advisors. He’s in charge of managing, sales, productivity, recruitment, and training of employees. His 25 years’ experience in the financial advisory sector has helped him achieve tremendous knowledge and awards for his management skills. According to Wallet Hub, the most recent one is the GAMA Career Development and Master Agency Award.
Vincent Parascandola attained a Bachelor degree in Computer Science from Pace University- Lubin School of Business in New York. Mr. Vincent Parascandola recently returned to his alma mater to lead in the commencement speech during the graduation class of 2014. He is sought after by many companies to be a guest speaker during industry conferences. He held the chairman’s office of the LIMRA’s Field Officers Committee. His dedication, hard work, and experience made him achieve the post of the senior executive vice president.
The AXA Advisors LLC is the primary broker and retail distributor for the AXA Equitable Life Insurance Company, a leader in the financial protection, life insurance, and annuity products. As detailed on brightscope.com, AXA Advisors’ network with more than 6000 personnel provides working strategies and products for the financial protection and investments. It also offers asset allocation, retirement plans, business and estate planning to their clients. AXA Financial Inc. subsidiary AXA Equitable forms part of the global AXA Group which is a leader in financial protection strategies and wealth management.
Vincent Parascandola experience includes
AXA US October 2014 – Present
AXA Equitable May 2005- October 2014
The MONY Group 1990 – 2005