Here’s Why SahmAdrangi Raised $100 Million to Short against Single Bet

Kerrisdale Capital Management, SahmAdrangi

SahmAdrangi, the Founder and Chief Investment Officer of Kerrisdale Capital Management has engaged actively engaged in the firm’s development aspects since its launching in 2009. Upon its incorporation, Kerrisdale Capital Management was under $1 million, and this has transpired to now managing $150 million. Contrary to hedge fund managers who raise capital to drive a particular investment thesis, for instance, recover distressed assets or back up residential mortgage securities, Kerrisdale fund appears to be of a different opinion. Kerrisdale’s aim of raising funds is to short the stock of an upcoming public company. SahmAdrangi and Shane Wilson, an analyst at Kerrisdale, worked to release reports, videos, and website content to convince people to support their fund drive.

Adrangi is a well-known publishing researcher and a short seller. He shares his company’s views on stocks and posts it on the company website, Twitter, and third-party sites carrying out the investigation. Although Kerrisdale researches on a wide range of topics, he has re-directed the firms focus on its area of expertise, the biotechnology and mining sector

Adrangi became famous in 2010 and 2011 when he exposed corrupt Chinese companies which included China Marine Food Group, China-Biotics, and Lihua International to name a few. Adrangi’s targets which included China Education Alliance and ChinaCast Education Corp got looked into by the Securities and Exchange Commission. Adrangi’s career development began at Deutsche Bank in the credit section where he performed high yield and leveraged loan debt financings and advising creditor committees. Adrangi also worked at Longrace Management; a multi-billion dollar distressed debt hedge fund.

Adrangi had also been involved in investments in Lindsay Corporation in 2013 and Morgans Hotel Group in 2014. Adrangi graduated from Yale University having pursued Bachelor of Arts in Economics. Adrangi is also a motivational speaker sharing his research and experiences in some conferences. They include Sohn Conference, the Value Investing Conference, Traders 4 a Cause, and Distressed Debt Investing Conference. Adrngi has also been featured in media interviews such as CNBC and Bloomberg, and he has had significant publications in the Washington Post, the New York Times and the Wall Street Journal.