Most hedge funds that begin with under $1 million in assets under management aren’t expected to stick around for very long. However, one hedge fund has seen its $1 million dollars of assets under management explode to over $150 million in a period of under two years. For Kerrisdale Capital’s Chief Investment Officer Sahm Adrangi, this is just another notch in a long list of accomplishments in his Wall Street career.
Sahm Adrangi is known as a short-selling expert who has made outsized returns shorting fraudulent Chinese companies including China-Biotics, Lihua International, and China Marine Food Group during the 2010 to 2011 period. Today Sahm Adrangi is focusing Kerrisdale Capital towards specific sectors such as biotechnology, mining, and telecommunications.
Mr. Adrangi is also known for his activist roles in several companies. This includes a proxy contest to replace two directors of the Morgans Hotel Group board with two directors from his own slate, and read full article.
One could say that Sahm Adrangi has a lifetime of experience when it comes to finding short-selling opportunities, raising capital for his hedge fund and running activist campaigns to maximize shareholder value. So it may come as a shock that Mr. Adrangi is only 35 years old.
Yet under this young Chief Financial Officer, Kerrisdale Capital has seen an almost 150 fold growth in its assets under management. Prior to overseeing his own hedge fund, Mr. Adrangi spent his twenties honing his skills in various positions with a number of large financial institutions, and Adrangi’s lacrosse camp.
After graduating from Yale with a Bachelors of Arts Degree in Economics, Mr. Adrangi began his financial career at Deutsche Bank working with leverage loan debt and credit-performing, high-yield financing. Afterward, Mr. Adrangi worked at Longacre Managment – a distressed-debt hedge fund.
Today, Mr. Adrangi has put together his multi-faceted skillset into one hedge fund. As Kerrisdale Capital continues to find opportunities for its investors, their young Chief Financial Officer will remain a key component of this rapidly growing hedge fund, and his Facebook.