SahmAdrangi’s Company Bets Against A Single Stock After Raising Millions

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Last year, Kerrisdale Capital Management LLC raises nearly $100 million to bet against a stock. The fund is thought to be the first of its kind. SahmAdrangi, Kerrisdale’s Chief Investment Officer, said that the company raised a significant amount of capital within a short period of time. he said this shows that the company struck a chord with investors.

Adrangi said they’ve taken a company that is now worth more than $10 billion and they tried hard to get others to understand all of the insights Adrangi’s company has about it. In order to convince more people of the company’s thesis, Adrangi and an analyst at Kerrisdale, Shane Wilson, are working together to create a video, report, website and much more.

The company didn’t name the targeted company, as they wanted to wait until a later date. However, the fund has already started buying stock because the goal is to establish a position in the company.

About SahmAdrangi

SahmAdrangi is a businessman and entrepreneur. He isn’t just the Chief Investment Officer at Kerrisdale, he is also the founder of the company. He founded it back in 2009, and since then he has been heavily involved in all areas of the company’s development.

Adrangi initially made a big name for himself by shorting Chinese companies that were fraudulent. Since then, the Securities and Exchange Commission has taken action against multiple fraudulent companies. Short research activism is actually one of the main things he is known for.

Adrangi started his career at Deutsche Bank. He was also an analyst at Longacre Management, which was hedge fund that was worth billions. As for education, he attended Yale University. He graduated from Yale with a degree in Economics. SahmAdrangi knows what he is doing when it comes to running a business. It’s expected that Kerrisdale will continue to enjoy substantial growth.