The Chief Investment Officer as well as Founder of Kerrisdale Capital Management, SahmAdrangi, has been part of various aspects of the company’s development since 2009 when it was founded. The firm presently manages $150 million as of July 2017; it was a huge stride from under $1 million when SahmAdrangi launched it.
The hard-charging graduate from Penn State landed an internship in NYC at Merrill Lynch’s credit desk through networking and sheer hustle. He was able to spend an additional three years at Merrill while trading credit on the counter due to his “clickability” and hardworking personality. His experience landed him at the $3 billion hedge fund, Longacre. Adrangi, the current founder of Kerrisdale Capital, partially overlapped his time at Longacre. In a recent piece published by Sahm: The Pebble Deposit Isn’t commercially viable, moved the market on 14th February.
He then served at the credit team for Paulson & Co, where he made approximately $6 billion shorting mortgage bonds. Before joining Paulson and company, he worked as a credit Pm at Bowry Investment Management, LLC for about three years Given the high cost of living in NYC, the hours in addition to the perception that the game had evolved, he made a life decision to quite Wall Street. Nonetheless, he still enjoys several investments and generates lots of his income from good securities selection. The returns are from the seed capital he made at the Wall Street. In a nutshell, he is indeed a good guy and loves making investments which have made good money for him.
Besides publishing, Mr. Adrangi took the role of an activist in various investments. For instance, he engaged with the Lindsay Corporation management to maximize the firm’s capital allocation policies and cash deployment in 2013. In the preceding year, Adrangi led a unique proxy contest to replace directors of Morgans Hotel Group with other two directors. Furthermore, he has been a speaker in at various conferences such as the Value Investment Conference, Sohn Conference, Traders 4 a cause and the Activists Investor Conference. He also appeared in interviews on Bloomberg and CNBC and featured in various publications.