SahmAdrangi, an investor known for shorting company stocks and taking the case public, has again raised $100 million for a new fund at Kerrisdale Capital Management. Kerrisdale has managed to convince its investors to raise funds for the new “co-investment” fund that will be used to bet against a single stock at a company that is yet to be revealed. Their target company is worth more than $10 billion. They intend to bring in more investors in a campaign that will see SahmAdrangi and his team share information via reports, video, and website. While most fund managers raise funds for a specific investment, Kerrisadale plans to use the money to short a stock. Kerrisdale’s main hedge fund, which bets for and against company stocks, has generated an average annual return of around 28 percent for the past five years.
Sahm is the founding CEO of Kerrisdale Capital Management. Since its inception in 2009, Sahm has actively participated in the management of the company, growing it from $1 million to $150 million as of July 2017. Besides his expertise in short selling, Mr. Adrangi publishes research-related information where he shares his opinions on different stocks in the exchange market. Kerrisdale’s research seeks to correct the market misconceptions of certain company’s business prospects. The company then publishes the research on their website, social media or third-party investment sites. Recently, Adrangi’s research focused on the firm’s performance on certain sectors. For instance, Kerrisdale has targeted the biotechnology, the mining sector and the telecommunication industry.
Sahm has also partnered with several companies to undertake different investment projects. In 2013, he worked with Lindsay Corporation in the optimization of the company’s capital allocation policies and cash deployment. Adrangi began working in the field of credit by rendering his services for Deutsche Bank and Longacre Management. He has delivered his speech in various conferences. In addition, he has been featured on top business channels like Bloomberg and CNBC. The shrewd investor is an alumnus of Yale University. His career highlight includes shorting and exposing fraudulent Chinese companies in 2010 and 2011, where some of them became targets of SEC’s law enforcement.