Informative Information on SahmAdrangi and Kerrisdale Capital Management

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.

Leave a Reply

Your email address will not be published. Required fields are marked *