Sahm Adrangi, a hedge fund manager at Kerrisdale capital, raised $100 million from investors to short a stock listed on the New York exchange. The public company has not yet unveiled. The company was said to be worth over 10 billion, and Kerrisdale was still building his case to get everyone onboard before revealing to the public its findings. The fund had already started acquiring stock in the company to establish position. Sahm Adrangi has an established track record of taking short positions against companies before taking his extensive research public in a form of hedge fund activism.
Sahm Adrangi, chief investment officer and founder at Kerrisdale capital, has built a reputation exposing fraudulent activity on companies listed on the New York stock exchange. His strategy involves conducting extensive research on the companies, taking short positions on them before publicly publishing his research. This hedge fund strategy has consequently grown Kerrisdale Capital from a USD 1 million to over USD 150 million hedge fund as at July of 2017. Mr. Adrangi’s published research seeks to inform the market about misconceptions on listed companies.
Sahm Adrangi has a record of publishing research that crippled dozens of companies on the New York Stock Exchange. He has since focused his strategy on specific sectors where he has developed in-depth industry knowledge including drug markers; Sage therapeutics, Zafgen, Bavarian Nordic, and Unilife. He has also published research in the mining sector, where he questioned market valuations of First Majestic Silver and Northern Dynasty Minerals by evaluating their fundamentals and assessing their market viability. The telecommunications sector has also peeked his interest where he has shared his views on Globalstar, Dish Network, Straight Path Communications and VIaSAT INC.
Ardragi Started his financial career at Deutsche Bank credit where he helped structure high leveraged bank debt and high yield bonds. He also worked in Chanin Capital Partnershe helped advise creditor committees in out of court bankruptcy restructuring. Sahm Adrangi also spent several years as an analyst at Longacre Management.
For details: www.benzinga.com/topic/sahm-adrangi