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Why Sahm Adrangi Is the Entrepreneur to Watch after Raising $100 Million to Bet Against a Single Stock

Sahm Adrangi recently grabbed the headlines by raising a staggering $100 million from like-minded investors to bet against a single stock. The unprecedented move is widely considered to be bold while some classify it as reckless. Dubbed the “co-investment” fund, this refreshingly new mode of funding has been gaining popularity in recent months as some investors opt to pursue it while focusing on a single investment source. In most cases, such an alternative is mainly sought by mortgage securities and troubled energy companies. However, Kerrisdale, which happens to be Sahm Adrangi’s firm, intends on using such finances to short the stock of a highly anticipated public company.

Adrangi recently hailed this strategic move by classifying it as an excellent alternative to raising capital with like-minded investors in the business community. Through his strategy, Sahm Adrangi has successfully shifted focus to a $10 billion company with the sole intention of educating investors on what it takes to reap profits from such a deal. To promote efficiency, Shane Wilson, a Kerrisdale analyst, also hailed Adrangi’s commitment to the project while also paying keen attention to the development of a comprehensive report aimed at convincing more investors to get on board with the project.

The undisclosed company is expected to be unveiled in mid-May with high secrecy revolving around security issues and the protection of private and sensitive information. However, the stock acquisition had already begun.

Kerrisdale Capital Management’s Background

Kerrisdale Capital Management boasts of an impressive portfolio comprising of managing firms valued at over $500 million. More so, the company has developed a reputation for betting against established enterprises and emerging as winners. Some of its recent dominant performances have been against companies such as Globalstar and Sage Therapeutics.

Sahm Adrangi’s Profile

Sahm Adrangi currently serves as the Chief Investment Officer and Founder of Kerrisdale Capital Management. He is credited with steering the company to greater heights since its inception in 2009 and more importantly, turning a $1 million seed investment into a $150 million management entity as of July 2017.

In an in-depth analysis, Adrangi spends ample time short selling stocks as well as identifying underperforming stocks and adopting an effective business strategy to induce progressive growth. Sahm Adrangi initially broke into the limelight by exposing fraudulent practices conducted by unscrupulous companies.

Read More : http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

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