Kerrisdale Capital Management, through Sahm Adrangi, mobilized investors to raise around $ 100 million for a single stock. Kerrisdale`s co-investment is a unique fund and first of its kind. Most Hedge fund managers raise capital to focus on specific projects such as the recovery of failing energy companies or mortgage-backed residentials.
Kerrisdale is a relatively small firm as compared to the Hedge fund organizations. The firm plans to use the investment fund to purchase short stock and unveil an unnamed firm as a public company. In an email reviewed by Reuters, Adrangi thanked the investors for their commitment. Sahm noted that Kerrisdale had raised the required amount of capital within a short time.
Adrangi noted that the organization endeavored to help every investor understand the mission of the $10 billion organization. Sahm had some progressive insights that would help the company grow. Adrangi is working with the organization`s analyst, Shane Wilson, to prepare a website, videos and a report that would convince others about Kerrisdale`s thesis. The two will present their collective research in the upcoming campaign.
A speaker, on the anonymity condition, revealed that the target company will be revealed in mid-May because the information was private. The public will learn about the organization objective during the unveiling. The investment fund is being used to purchase stock to establish Kerrisdale`s position in unnamed organization.
Kerrisdale now manages over & 500 million after the investment fund. The firm has a history of betting against organizations before taking its case public. Kerrisdale has been involved in activist positions at Globalstar and Sage Therapeutics. The organization has recorded an average of 28% profit, from its betting, for the last five years.
Apart from being the founder of Kerrisdale Capital Management, Adrangi is the Chief Investment Officer of the company. Since its establishment in 2009, Sahm has played a significant role in all of the firm`s development. He started the organization with less than $ 1 million. For more info about us: https://www.linkedin.com/in/sahm-adrangi-3548541 click here.
Adrangi is a holder of a Bachelor`s Degree in Economics from Yale University. He started his career at Deutsche Bank where he served as a credit officer. He worked as a credit advisor at Chanin Capital Partners. Before he established Kerrisdale, Sahm worked at Longacre Management.