Kerrisdale capital a company that sahm adrangi is involved with has managed to raise about $100 million with he aim of using the money to raise the stock of a new public company that is to be unveiled later. Together with kerrisdale analyst Shane Wilson there are plans to promote the new company through website, blogs and videos in order to make their company attractive and convince people. The new company shall be unveiled in May. Kerrisdale usually bets against or for companies stocks which usually gives them a return of around 28% annually. Hedge fund is one of the investors in the new company whose name is yet to be released to the public.
Sahm adrangi founded kerrisdale capital and he is currently the chief investment officer. He has been present in the firm since it was launched in 2009. Sahm adrangi founded the company with just $1million dollars but as of now $150 million dollars is under his management at this firm. He graduated from the University of Yale with a degree in economics. He began his career at deutsche bank. At the same time he was there to advise bankrupt creditors committees and how they could restructure. His main purpose through his publications is to clear make it clear on the prospects of companies such as kerrisdale. Through his publications he develops better understandings on stocks that is usually poorly understood in the market. He is also a public speaker and has participated in various conferences such as sohn conference
By exposing companies that are participating in fraud Sahm adrangi has ensured trust in stock investments. Sahm adrangi has also developed interests in the biotechnology sector where he has various publications on companies such as pulse biosciences, zafgen and sage therapeutics. There is also published kerrisdale report on the telecommunication sector. Sahm adrangi is also involved in with other investments. Earlier in 2013 he worked in Lindsay Corporation to oversee and manage the corporation cash distribution together with allocation strategies. Through all these we can see that this is a man of vision who is ready to take he world of economics to greater heights