Sahm Adrangi is best known for publishing research and his successful short selling, but he is also the Founder and Chief Investment Officer of Kerrisdale Capital Management, having been involved in all aspects of the firm since it was founded in 2009. He has managed the firm to a valuation of $150 million as of July 2017, after beginning it with under $1 million.
Adrangi believes in considering under-followed long sales along with overhyped shorts, and has seen his success occur by understanding aspects of the market others overlook. Kerrisdale researches these misconceptions that affect companies’ most fundamental business workings, and share their research on the company website, Twitter feed, and on third party websites.
In an investment conversation with a journalist, Adrangi discussed his beliefs and his success. He cited his firmly held belief in keeping some secrets, such as the company through which Kerrisdale raised $100 million. While other stockbrokers often will hedge their bets on a certain industry foresee changing quickly, Kerrisdale and Adrangi are working silently behind the scenes to make things happen, and plan to reveal their secrets at a later date.
He teases hints, though, telling that the company involved is worth over $10 billion, and he knows that what he’s done has struck a chord within what he calls the “alternative community.”
Adrangi discusses the companies that Kerrisdale has essentially bet against in the past – including satellite company Globalstar, drug maker Zafgen, and pharmaceutical company Sage Therapeutics – and happily promotes that his company is sitting on north of $500 million themselves because of these groundbreaking sales he has led.
The businessman himself is a Canadian but was born in Iran, and his global viewpoint gives him a unique insight to the world of trade. He describes himself as generally subdued, but get him riled up and the passion spills out. He speaks one line about stock strategy, and his timeliness might speak for his general outlook on business: “Maybe it’s time for us to go nuts.” And gone nuts he has – to the tune of hundreds of millions.
Read More: www.crunchbase.com/person/sahm-adrangi