An individual informed Reuters about a move by Kerrisdale Capital Management based in New York where the company planned to bet on a single stock with $100 million acquired from investors. Hedge fund is a new investment fund at Kerrisdale firm which raises money for a specific investment purpose. Some of those targets include recovery of energy companies in a fix and residential mortgage securities. Altogether, Kerrisdale intends to invest the money in the stock of a public company.
Adrangi together with a Kerrisdale analyst by the name Shane Wilson target a campaign around the corner by working on communication mediums such as websites and videos on a mission to make others understand their purpose. The fund from Kerrisdale hence has commenced buying of stock to cement its position in the anonymous public company.
Kerrisdale manages about $500 million and in the past has placed bets against companies and the most previous ventures include Sage Therapeutics and Globalstar. The company’s hedge fund which bet for a firm has had about 28% over the last five years an annual return.
Occupying the position of the Chief Investment Officer at Kerrisdale, Adrang Sahm i is also the founder of the firm. He has involved himself in all of the firm’s activities since its inception to date, and the company manages around $150 million. Sahm graduated from Yale University with Bachelors in Economics. Before Starting Kerrisdale Capital Management firm, SahmAdrangi worked as an analyst at Longacre Fund Management.
Mr. Adrangi worked at Chanin Capital Partners .Adrangi’s name emerged when he exposed fraudulent Chinese companies including the China Marine Food Group and many others. While he shares his research on many industries, the firm has concentrated in some areas developing expertise on the same. Such categories include biotechnology sector dealing with adequate research on development stage companies.
Also, the company has focused on the mining sector where the market valuations of silver have attracted Mr. Adrangi’s business. Kerrisdale has had its share of interest in the telecommunications sector. Adrangi has also been a principal speaker at conferences and an activist in investments.