Sahm Adrangi Raises $100 Million For His “Co-Investment” Fund

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Posted by omeditors | Posted in Education, Management | Posted on 08-10-2017

Mostly, hedge fund managers raise funds from investors to focus on a specific investment agenda like residential mortgaged-backed securities. Sahm Adrangi, the founder of Kerrisdale Capital Management, has taken a totally different approach. Sahm has raised $100 million for Kerrisdale “co-investment” fund that will bet against a single of a soon-to-be disclosed company. According to the information provided by an anonymous source, the new fund is already buying shares from the unveiled company. Adrangi said that they have raised a significant amount of money within a short period and aim to share their insights with their investors. He, alongside Kerrisdale’s analyst Shane Wilson, will sell their thesis to others in an upcoming campaign through a report, video and website. Kerrisdale has an impressive record of shorting stocks and taking their case public.

About Sahm Adrangi

Sahm Adrangi established Kerrisdale Capital Management in 2009 with less than $1 million. Serving as the chief investment officer of the company, Sahm has been actively involved in all processes of the same. The company managed $150 million as of July 2017. The experienced short seller and research publisher shares his opinions on stocks through the company’s website, third-party investing-related sites or social media. He rose to prominence in 2010 and 2011 after he short and exposed Chinese fraudulent companies. Various targets, including ChinaCast Education Corp and China Education Alliance became SEC’s law enforcement targets. Sahm has published research on the biotechnology sector, focusing on companies that in the development stage like Sage Therapeutics, Bavarian Nordic, Zafgen, Pulse Biosciences and Unilife.

Sahm has also focused on the mining sector where he has questioned the mining prospects and market valuations of various companies. In 2004, Sahm Adrangi exposed the illegalities in the proposed Terrestrial Low Power (TLPS) by Globalstar through a webcast, live stream and other mediums while focusing on the telecommunication sector. Sahm started his career in finance by rendering his services for Deutsche Bank and Chanin Capital Partners. While building his career in investment banking, Sahm accepted to work for Longacre Management, a major distressed debt hedge fund. He is a proud alumnus of Yale University where he graduated with his degree in economics. Sahm has spoken at various conferences and featured on channels like CNBC and Bloomberg.

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