Kerrisdale Capital Management is an invention of investor Sahm Adrangi. Since creating the company nine years ago, he has been in control of all its development activities. He started the hedge fund with less than $1 million and grew it to over $150 million by July 2017.
Sahm Adrangi’s Breakthrough as a Short Seller
Sahm Adrangi has built a solid reputation for short selling and publishing reliable research. He shares the views of his hedge fund on commonly misunderstood stocks, including overhyped shorts and less-known shorts. Kerrisdale conducts research that aims to rectify broadly held fallacies concerning the essential business prospects of these companies. It publishes its research on its site, Twitter, and third-party investing-allied websites.
Sahm Adrangi gained global recognition as a serious short seller after shorting and uncovering devious Chinese companies, including Lihua International, China-Biotics, as well as China Marine Food Group. The Security and Exchange Commission imposed enforcement action on a couple of companies that Adrangi targeted, including ChinaCast Education Corp and China Education Alliance.
Kerrisdale Narrows its Research Scope
For a long time, the research scope of Kerrisdale has been extensive. The company has been sharing research on various companies and sectors. However, Adrangi seems to be narrowing the scope of the company into a few specific industries where it has accumulated a wealth of expertise. Kerrisdale has directed much of its efforts to the biotechnology industry, publishing excellent research on early-stage firms like Unilife, Bavarian Nordic, Zafgen, Pulse Biosciences, and Sage Therapeutics.
Kerrisdale has shown some interest in the mining industry, with Adrangi questioning the mining projections and market estimations of resources companies like Northern Dynasty Minerals. He has also touched on the telecommunication sector by sharing cynical opinions on Dish Network, ViaSat Inc., and Globalstar. Following Terrestrial Low Power Service (TLPS) proposal by telecommunication giant Globalstar, Adrangi revealed its weaknesses in 2014 through a webcast and live presentation. He supported his claims with several well-articulated articles, filed a series of ex parte letters with FCC, and sat with FCC in a face-to-face meeting.
An Authority in Public Speaking
Sahm Adrangi has built an exceptional profile as a public speaker for himself. He has addressed congregations during prominent conferences like the Distressed Debt Investing Conference, Sohn Conference, and Traders 4 a Cause. Powerful media channels and newspaper have interviewed him and covered his story.