Just like Sage Therapeutics, Zafgen, and the satellite company Globalstar, Kerrisdale Capital Management LLC seems to have another firm it is planning to bet against and make it public. This unknown firm is scheduling its unveiling in May. Although the report is not available to the public yet, an anonymous source told Reuters that Kerrisdale Capital raised about one hundred million dollars for the bet. Mr. SahmAdrangi wrote an email to the investors, first explaining to them how exciting it was that they had raised that amount within a short time. He also told them that, together with Shane Wilson, they are working on campaigns and reports on the same to convince people of the company’s plans. The fund, however, has already started being used to buying stocks in the unnamed company for Kerrisdale to get their position. Kerrisdale Capital Management LLC is currently managing almost five hundred million dollars and has had a twenty-eight percent average return since 2011 in their hedge fund.
Sahm’s great work
SahmAdrangi is the founder and the Chief Investment Officer at the Kerrisdale Capital Management. Under his management, Kerrisdale has focused on areas that it has gained expertise, like the biotechnology and mining sectors. In 2010 and 2011, Sahm exposed fraudulent companies in China including the China Marine Food Group. Mr. Adrangi has a Bachelor’s of Arts degree in Economics from the Yale University. After his studies, he worked as an analyst at the Deutsche Bank for almost two years and later at Longacre Fund Management LLC. After Longacre, he founded his company the Kerrisdale.
Sahm has published some research and been a speaker at many conferences like the Distressed Debt Investing Conference and the Activist Investor Conference. Mr. Adrangi has also been an activist in several investments. His engagement with Lindsay Corporation management in 2013 was to optimize the firm’s capital allocation policies and cash deployment. In 2014, he again led a contest to replace two directors of Morgans Hotel Group. Sahm’s intensive experience has seen him lead KerrisdaleCapital Management to be among the top in the industry. The company has made very many significant investments throughout the years.