Kerrisdale Capital Management, with the guidance of SahmAdrangi, made a daring move by betting against a single stock last year. To achieve this, the New York-based company organized for rounds of funding that had yielded over $100 million by April 2016. Sources privy to information about the whole situation revealed that Kerrisdale Capital was interested in investing in a public company that was in the processes of being established.
Raising Funds for a Target Company
SahmAdrangi boldness was put beyond reasonable doubt after he diverted from the obvious. Ordinarily, hedge fund managers start by identifying existing investment portfolios and then raising funds towards one particular portfolio. Adrangi also proved to be an effective hedge fund manager for having managed huge amounts of funding in an extremely short period. Given the small size of Kerrisdale in comparison with other capital management firms in New York and the USA at large, SahmAdrangi deserves all the commendation and admiration within the finance industry.Information privy to Reuters indicated that the unnamed public company that Kerrisdale was to invest in was valued at $10 billion. Reuters was also aware that Adrangi had written and sent emails to several investors, to whom he sought to sell the ideas in connection with the company. According to Reuters, Adrangi’s main strategy was first to make the investors adapt and own up the company before they committed their money to it.To familiarize the target company to investors, SahmAdrangi was said to have staged serious campaign including on digital platforms. An insider told Reuters that Adrangi had included Mr. Shane Wilson, an analyst with Kerrisdale, in the campaign team. Together, they were to make campaign videos as well as a well-established company website. The sources also pointed at a possible opening of the target company to be around a mid-last year.
SahmAdrangi is a financial expert based in New York and currently serving as the CIO at Kerrisdale Capital Management. Sahm qualified as a financial expert after completing a bachelor’s degree in economics from Yale University.Prior to his current job, Sahm spent a substantial amount of time sharpening his management skills at Deutsche Bank, Chanin Capital Partners, and Longacre Fund Management.
Source of the article : http://www.insidermonkey.com/hedge-fund/kerrisdale+capital/672/