The name Sahm Adrangi is not a foreign one considering that Kerrisdale Capital Management’s $100 million deal was made public last year. He has been serving as the Chief Investment Officer of the company since 2009. The money was raised from investors for the sole purpose of betting against the stock of a particular company.
As a move seen as very bold, Adrangi together with the firm’s analyst, Shane Wilson were working on a detailed report that was well researched to explain why they settled on this particular deal. Adrangi explained to the investors that they would also come up with a website whose primary focus was educating people on their move. Surprisingly, the company raised the capital in a very short span.
The move came as a surprise considering that the firm is not a large-sized company. Also, the fact that the capital raised was to short stock the particular firm. Once they identified the particular company, they started buying stock from it so that they could stamp their authority on it.
Through Sahm Adrangi, Kerrisdale has been on the limelight betting for and against companies. In most of these cases, they always make their moves public. Kerrisdale has grown tremendously from managing money less than $ 1 million to currently over $150 million. The company’s growth has been significant under Sahm Adrangi’s tenure.
Kerrisdale has short stocked some drug making companies such as Zafgen and Sage Therapeutics. The company’s annual return has had an average annual return of around 28%. Sahm Adrangi is a keen researcher who has effortlessly been known for his short selling nature. He was able to come to light when he was involved in exposing Chinese companies that were fraudulent such as China Marine Food Group in the years 2010-2011.
His researched published reports have been focusing on the mining, telecommunications, biotechnology sectors and much more. In 2014, Adrangi did a live presentation exposing the weaknesses of Globalstar, a company which had a proposed Terrestrial Low Power Service. Doing what he does best, he later backed up the presentation with articles. His strategies have been in the limelight as he has had numerous interviews on Bloomberg, publications such as the New York Times and so much more.