Kerrisdale Capital Management has hit the news lately after the information that it was going to bet against a single stock using $100 million. The money was raised from investors who were convinced to join the cause by the CIO Sahm Adrangi. The money will be allocated to a new company, whose details would be revealed in May.
Adrangi believes that the money they received for the support of their cause was an indication that their thesis and insights on the upcoming company are backed by a vast number of people. To strengthen their support, they are currently working on reports, website, video and other things that will motivate people to join them. Kerrisdale is known for betting against companies, which has enabled it to manage approximately $500 million today.
Sahm Adrangi’s Quest for Transparency
Sahm Adrangi, who is currently in his thirties, has made a lot of changes in the investment world, which have gained him recognition. His achievements are well known by most people in the financial sector, and he has even reached a point where he is being revered for his ability to spot weak points in the management of some companies and other misdemeanors. Sahm Adrangi is the current CEO and founder of Kerrisdale Capital Management. Sahm first made a name for himself when he exposed some Chinese companies for fraud. The companies were later investigated by the Securities and Exchange Commission. Sahm Adrangi publishes his findings on various social media platforms making it easy for people to access the information he researches.
Other than publishing research on companies and backing, shorting and exposing fraudulent companies Mr. Adrangi is a financial activist. He has teamed up with various investments to help in various causes like optimize cash deployment. He has been engaged at several prestigious conferences that have a relation to the finance industry like the Distressed Debt Investing Conference, the Value of Investing Conference and many others. Sahm started his financing career at Deutsche Bank. He also advised creditor committee out of situations that would evidently lead them into bankruptcy. Sahm graduated from Yale University with a bachelor’s degree in economics.