Kerrisdale Capital, an investment management company based in New York, through its investors has managed to raise nearly $100 million. The funds raised would go into sorting the stock of a company to be established soon. This move by SahmAdrangi’s firm is against the norm of many hedge fund managers who often use the capital raised from investors on specific investment areas like bailing out ailing companies or in the recovery of residential mortgaged-backed securities. Kerrisdale Capital Management has made history by becoming the first fund management firm to follow this path.According to the email sent to investors by SahmAdrangi, who is the founder and the current chief investment officer of the company, the capital was raised within a short period. In order to bring on board other investors, Adrangi and Shane Wilson, one of the best analysts of Kerrisdale, are drafting an in-depth report, website, and video based on the thesis.Currently, Kerrisdale Capital is in the process of acquiring stock in order to gain a firm footing in the upcoming company. The capital raised has increased the funds under Kerrisdale’s management close to $500 million.
Kerrisdale Capital was established in 2009, and since then, it has grown to outperform some of the biggest hedge fund managers. SahmAdrangi is the man behind this fast-rising investment management firm. Mr. Adrangi is also well known for exposing fraud in the New York stock exchanges. He was pushed to become an activist investor because of the money making opportunity he saw in exposing fraud that was perpetrated by Chinese companies. He exposed corporate fraud of companies that gained entry into North American without following the due processes. This earned Mr. Adrangi a substantial amount of money and he later decided to establish Kerrisdale Capital, which has continued to realize immense growth. SahmAdrangi holds a Bachelor of Arts in Economics from Yale University and has previously worked for Longacre Fund Management as an analyst. Prior to this, he served in the Restructuring Investment Banking Group. Mr. Adrangi spent his early career times in the Finance Investment Banking Group of Deutsche Bank.