Category Archives: Kerrisdale Capital Management

SahmAdrangi, Founder of Kerrisdale Capital Management

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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.

 

 

October 28, 2017

A Sneak Peek into the $100 Million Raised by SahmAdrangi’sKerrisdale Capital Management

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Nearly $100 million has been raised by Kerrisdale Capital Management, a company owned by SahmAdrangi. This money was collected from investors to be used in betting against s single stock. This fund is seemingly the first of its kind. At times, hedge fund managers do raise money to be used in a specific investment thesis, which may include residential mortgage-backed securities among others. Kerrisdale, however, is planning to use this fund to short the stock of a public company that is yet to be unveiled. Kerrisdale has been for a long time now known for putting bets against companies and making public such cases. Some of its recent targets have been Zafgen and Sage Therapeutics, both of which are drug makers, as well as Globalstar, a satellite company. Its main hedge fund has always averaged a yearly return of about 28% in the last five years.

About Adrangi

Sahm, the founder of Kerrisdale Capital Management, is also the Chief Investment Officer of this company. He has always been at the center of decision making processes in this firm since it was founded in 2009. SahmAdrangi used less than $1 million in launching this venture, but as of July 2017, the company was managing well over $150 million. He specializes in publishing and short selling research.

He first came to limelight when he short and exposed fraudulent Chinese companies like China-Biotics, China Marine Food Group, and Lihua International among others in 2010 through to 2011. Many of Adrangi’s targets, including ChinaCast Education Corp and China Education Alliance, were thoroughly checked by Securities and Exchange Commission. Kerrisdale has since developed expertise on specific sectors, and Mr. Adrangi appears to be focusing on such areas of late.

Deutsche Bank is the place where Adrangi’s financial career in credit began. Here he used to perform leveraged loan debt and high-yield financings. He then moved to Chanin Capital Partners where he was responsible for advising credit committees on matters to do with out-of-court restructuring and bankruptcy. He has also worked at Longacre Management. Mr. Adrangi is a graduate of Yale University from where he acquired a B.A. in Economics.

 


 

October 14, 2017