Daily archives "October 1, 2017"

SahmAdrangi Raises $100 Million To Short A Public Company Stock

Investors short sell a stock when they expect it to drop in price. SahmAdrangi is a short seller who recently raised $100 million from other investors and he used the money to bet against a single stock. Adrangi is the Chief Investment Officer at Kerrisdale Capital Management LLC, a financial company located in New York City. Kerrisdale Capital has created a fund called a “co-investment” which is the first of its type. Other hedge fund managers will raise money in order to invest in a company, like a distressed energy company, that they expect the stock in will recover. SahmAdrangi, though, is using the money he raised in order to make money off a stock in a public company that he believes will decline.Writing about his short sell in an email, Adrangi said that he raised a significant sum of money rather quickly. This showed that others in the alternative investors were buying into his idea and what he was trying to do.

The company he is short selling is worth over $10 billion. He said that he has some insights into the company that he has shared with these investors in order to get them to understand his viewpoint on the company.In 2003, SahmAdrangi graduated from Yale University with a Bachelor of Arts in Economics. His first job in the financial industry was as an analyst at the banking giant Deutsche Bank. Over the next few years, he worked as an analyst at two other companies as well, Longacre Fund Management LLC and Chanin Capital Partners. During his time as an analyst, he focused on bankruptcy restructuring, leveraged finance, and distressed debt. In April 2009, SahmAdrangi founded Kerrisdale Capital Management. When he launched the company he had just $1 million as the initial investment. He has grown the company into one that now has $150 million in assets under management. His specialty is short selling the stocks of company’s he is bearish on after thorough analysis and research.