It’s unique when a company invests an enormous amount of capital into short stocking one particular company. One special case is that of Kerrisdale Capital Management which used $100 million on betting against a single stock. The face behind the company is the Chief Investment Officer, Sahm Adrangi. He founded the company in 2009 and has been operational since then.
The Company’s Research Analysis
The firm’s reputation is known where they use well-researched data. During the move, Sahm Adrangi alongside the company’s analyst Shane Wilson were to provide information on why they settled on that particular firm.
They were to give detailed analysis through reports and videos to back up their actions. Also, the fact that they managed to raise such capital in a short amount of time showed that the firm was destined for a better performance.
It is said that after making the deal public, the firm had already started buying into the company. The company was later unveiled in May to be Dish Network. Kerrisdale, through Sahm Adrangi, had planned to issue out on all information they had against the firm.
Sahm Adrangi’s Career Background
Adrangi went to Yale University. Here, he attained a Bachelor of Arts Degree in Economics between the years 1999 to 2003. After graduation, he secured a job at Wall Street’s Deutsche Bank where he worked slightly over a year. He later moved on to Chanin Capital Partners as an analyst involved in dealing with bankruptcy restructuring.
After Chanin, he shifted to Longacre Fund Management and also served as an analyst. In April 2009, Kerrisdale was born. He founded the company whose focus was on investment. The company started off with a capital of less than $1 million, but it has grown over the years with a capital management of about $150 million.
Over the years, Adrangi has been successful with short stocking fraudulent companies. He hit the headlines through his expose on different fraud-related Chinese companies who faked their books. He used investigators to seek for evidence so that when going public, he would be backed by evidence. Adrangi has been able to beat all odds and make a name for himself over the subsequent years.