Sahm Adrangi has a Bachleor of Arts in Economics from Yale University. He has founded Kerrisdale Capital Management since 2009. Before Kerrisdale was founded, Adrangi conducted investment analysis, as well as research for both the credit fund and the equity fund. Prior to Longacre, Sahm Adrangi worked in bankruptcy restructuring at Chanin Capital Partners. He represented bank debt holders, bondholder committees, and preferred equity committees. In 2016, Kerrisdale Capital Management raised $100 million from investors. The networth of Kerrisdale was actually $10 billion during this time. In 2016, Kerrisdale managed $500 million. Their main hedge fund bets for and against company stock and has an annual return of 28% in five years. In March 2016, this hedge fund was down 7%.
Sahm Adrangi is a researcher who exposed fraudulent Chinese companies such as China Marine Food Group, China-Biotics, Lihua International, and many others in 2010-2011. Sahm Adrangi targeted China Education Alliance as well as China Cast Education Corps which were both subjected to Securities and Exchange Commission enforcement. Kerridale has data on a wide variety of companies and industries suchas Bavarian Nordic, Sage Therapeutics, Zafgen, Unilife, and Pulse Biosciences.
Kerrisdale has published criticisms on Globalstar, Dish Network, Straight Path Communications and ViaSat Inc. As a researcher, Sahm Adrangi exposed Globalstar’s Terrestrial Low Power Service (TLPS) in a live presentation and web cast. Sahm Adrangi has taken on an activist role with Lindsay Corporation in order to optimize the companies’ cash deployment and capital allocation policies. He started his financial career involved in credit. He has appeared on interviews at CNBC, and Bloomberg, having been featured in many publications such as the Wall Street Journal, the New York Times, the Washington Post, Business Week, and many others. Adrangi knows how to expose people who give him trouble or who get into trouble with their finances.
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