As the founder and chief investment officer of Kerrisdale Capital Management LLC, Sahm Adrangi has garnered a wealth of experience in the financial industry. He established this company in 2009 with $1 million in assets under management. He recently announced that he had raised $100 million from other investors which will be used to short a company’s stock, although he hasn’t so far said which company that is.
The fund he created that will bet against this company’s stock is the first one of its type. Generally, hedge fund managers like Sahm Adrangi raise capital in order to buy stock rather than short it. In an email, Sahm Adrangi said that this capital was raised swiftly which indicates to him that others in the alternatives universe believe what he’s doing to be the right course. In regards to what company he is betting against, Adrangi has only said that it’s worth more than $10 billion and is a publicly traded company.
Sahm Adrangi along with one of the analysts at his company, Shane Wilson, are creating a multimedia campaign including a website, report, and video so that they can make their case to more investors and raise further funding.
Under Adrangi’s leadership Kerrisdale Capital Management now has about $500 million in assets that it manages. They have shorted other companies before and having done so have publicly explained why they took that position. Up through 2016 their hedge fund has averaged about 28% as an annual return over the previous five years.
Sahm Adrangi earned his college degree at Yale University, graduating in 2003 with a degree in economics. He first worked as an analyst at Deutsche Bank before moving on to two other financial firms. At Kerrisdale Capital Management he has been instrumental in all aspects of the firm’s operations.
It was his shorts on some Chinese companies that Sahm Adrangi first came to the attention of other investors in the financial industry. He discovered that a number of the companies were fraudulent and so shorted their stock. This includes companies such as China-Biotics and China Marine Food Group.
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