The founder and current chief investment officer of Kerrisdale Capital Management is famously known for publishing and short selling research. Sahm graduated from Yale University in 2003 with a Bachelor of Arts degree in Economics. Sahm started out his career as an analyst in the leveraged finance group at the Deutsche Bank in April 2004. Sahm then went on to become Analyst in the bankruptcy restructuring group of Chanin Capital Partners, a boutique investment bank based in Los Angeles and New York. In April 2007.Sahm became an analyst at Longacre Fund Management LLC a $2 billion distressed debt fund. In 2009.Sahm founded Kerrisdale capital management.
SahmAdrangi launched Kerrisdale capital management with a little under a million dollars but has been involved in every aspect of the company’s development and has seen it rise to managing over 150 million dollars in under a decade. Kerrisdale conducts and shares research hoping to correct wildly viewed business aspects. The research is published on the Kerrisdale website and third-party sites like Twitter and other social media platforms.
In a recent article by Fortune in 2016, an insider in Kerrisdale tells the paper that the firm has raised roughly a hundred million dollars to bet against a single stock. Kerrisdale is known to bet against companies and all of its bets are made public. Some of the most famous bets were made against globally acclaimed drug makers and satellite companies. Although the name of the targeted company had not been released by the time of the publishing of the article, Kerrisdale investors had been made aware of the company’s plans.
Kerrisdale manages over $500 million worth of funds and its main hedge fund averages a return of 28% annually. Kerrisdale was planning on taking on a company that was worth the upwards of $10 billion and the investors had been made aware of the risks. In order to solidify position in the firm, Kerrisdale had begun buying stock in the firm. The short selling expertise of Sahm has seen the company grow a lot over the years.