• 04Oct

    The Chief Investment Officer and Founder of Kerrisdale Capital Management, SahmAdrangi, has gathered up an approximate of $100 million from different investors with an objective of using it to bet against a single stock. This is as informed by an individual who is well conversant with the situation. This new co-investment fund by Kerrisdale happens to be the very first of its nature. It is a common occurrence for fund managers to raise money to work on investment strategies such as recovering securities that are backed by mortgages, or recovering energy companies in distress. But unlike these common occurrences, Kerrisdale is planning to use its funds to kick-start the supply of an upcoming public company.The investors received an email from Adrangi, stating that their company had managed to raise a significant amount of money within a short time, they had already acquired a connection to the community at large. He continued to say that they have taken a corporation worth $10 billion and managed to convince everyone about its insights. With the assistance of an analyst at Kerrisdale, Shane Wilson, Adrangi is working on a website, video, and report, all aimed at convincing more numbers on the company’s objective.As the information was not supposed to be released to the public, the person who spoke asked for his identity to remain hidden. It was stated that the target company was to be unleashed around mid-May. The anonymous person continued to state that the fund has started purchasing stocks to build a firm position in the untitled company.

    About SahmAdrangi

    SahmAdrangi has been actively involved in the development of the Kerrisdale Capital Management since founding it in 2009. He became popular from discovering and exposing counterfeit Chinese companies. Some of these exposed fraudulent companies have since then become the subject of the topic to the Securities and Exchange Commission. Adrangi started his career at Deutsche Bank in a finance investment banking group. Also, in the Longacre Management, a multi-billion dollar debt hedge fund, he frequently served as an analyst. He studied at Yale University where he graduated with a Bachelor of Arts in Economics.

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