Short Seller, Kerrisdale Capital LLC, Raises $100 Million for a Single-Stock Bet

Kerrisdale Capital Management has raised $100 million, in the bid to bet against a single stock in a transaction deemed to be one of a kind, a link close to the source told Reuters. Occasionally, hedge fund managers tend to raise money to focus on a specific investment thesis, like the recovery of energy firms in distress or securities backed by residential mortgages. However, Kerrisdale, a small firm based in New York, intends to use the fund to short stocks in a soon-to-be-determined company.

“We’ve raised $100 million of capital within a short period and taken a firm more than $10 billion, and we plan to get everyone on board regarding the insights we have about the deal,” wrote Adrangi, in an email to investors. Adrangi, together with Kerrisdale analyst, Shane Wilson are preparing a report, video and an online site to convince other relevant parties about their thesis, revealed the email. The company (TBD) is set to be revealed in mid-May due to the nature of the transaction, which is not yet ready for public release. Acquisition of stocks is underway, so the company maintains its position in the ye-to-be-mentioned firm.

Today, Kerrisdale manages $500 million, inclusive of the fund. Some of its short positions include Sage Therapeutics and Zafgen, as well as Satellite firm, Globalstar.

About Sahm Adrangi

He is the sole Founder and the Chief Investment Officer of Kerrisdale Capital Management LLC and has partaken significantly in the growth of the firm since its inception in 2009. When he inaugurated it, the company was barely worth $ 1 million, but now, the firm boasts of a valuation of more than $ 150 million.

Adrangi is well known for his prowess in short selling and publishing releases regarding the firm’s view on ambiguous matters related to securities. For instance, under-followed longs plus overhyped shorts. His goal is to eliminate the misconception surrounding Kerrisdale’s core business prospects.

Before founding Kerrisdale, he served as an Analyst at Longacre Fund Management LLC for two years. Between 2005 – 2007, he also served as an analyst in the bankruptcy evaluation division at Chanin Capital Partners.

Read More : http://www.afr.com/business/banking-and-finance/hedge-funds/kerrisdales-sahm-adrangi-makes-a-killing-by-raiding-the-dodgy-dealers-20130520-jhs4c

SahmAdrangi: The New Force in the Hedge Fund Management Industry

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.

Madison Street Capital’s Success In The Investment Banking Industry

Madison Street Capital has worked hard to maintain its leadership position in the competitive global investment-banking industry. Notably, the company has been in operation for slightly more than a decade. This success is anchored on the company’s commitment to providing its clients with reliable access to credit, helping firms navigate complex transactions, and making shrewd investment decisions.

The Chicago-based firm has achieved much success in a span of few years. Today, more companies are continuing to enlist the services of the investment bank owing to the quality of the same. An example of Madison Street Capital’s (MSC) recent success is its credit advisory services to Vital Care Industries, an Illinois-based medical product manufacturer. Madison Street helped the company to select a suitable lender and secure a commercial loan to enhance the production of sterile medical products. Vital Care’s CEO said that he was pleased with the quality and speediness of the company’s services. Vital Care was founded in 1984.

Over the years, MSC has engaged in dozens of mergers and acquisition transactions. One of the notable ones is the merger between DCG Software Value and The Spitfire Group. DCG is one of the oldest software companies considering that they have been in operation for over 20 years. These companies will retain their offices in Pennsylvania and Great Britain to ensure minimal disruptions to their clients.

MSC’s success is also attributed to the quality of its management team. In 2015, Anthony Marsala, the company’s co-founder and chief operating officer, was named by the National Association of Certified Valuators and Analysts in its 40 Under Forty list. The executive leader’s inclusion in the list is a testimony to the quality of services that clients receive through his company. Marsala is experienced in offering valuation, acquisition, and merger services. He has rendered his services in the competitive financial industry for more than 10 years of experience. This information was originally mentioned on GC Report as provided in this link http://www.gcreport.com/madison-street-capitals-impressive-path-top-notch-reputation/

About Madison Street Capital

Since its inception, Madison Street Capital has won several awards. In 2017, it won a Turnaround Award from The M&A Advisor. This award sought to recognize the company’s role in providing one of their clients with the finest restructuring transaction valued at below $25 million. The corporation won the award from a pool of 300 competitors. The event, which was organized by The M&A Advisor, was held earlier this year in a Palm Beach hotel. MSC has also been a finalist in several awards offered in the M&A industry, including the ‘Best Industrial Merger Valued at Less Than $100 million.’ Learn more: https://www.linkedin.com/company/madison-street-capital-llc