he launch of Kerrisdale Capital Management hedge fund in 2009 by Sahm Adrangi marked a major milestone in the money world. The firm’s headquarters are currently based in New York. At 33 years of age, Adrangi is one of the few young men to rise above the norms and appear on the short seller betting, against stocks in the market. In 2017, Kerrisdale gained 20 percent of the possible 22. In a recent question and answer platform with Worth”, Sahm Adrangi revealed that things are working in favor of short sellers. This is after a significant market swoon back in February.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018
Sahm Adrangi’s major breakthrough in the short-selling sector was in 2011 when he successfully listed various Chinese companies, declaring them as frauds. Following this success, he has effectively used his skills in many companies including the Dish Network and Globalstar among others. During the bull market period, Adrangi heavily relied on his fund. However, his current pursuit focuses on Eastman Kodak, with plans for providing services in blockchain for the protection of photographers against infringement on copyrights. Nevertheless, his stock is gradually reducing from the initial 55% in February.
According to Sahm Adrangi, one requires the right ideas to succeed in short selling, especially if the market is stable as seen in the past seven to eight years. Correct ideas reduce the chances of making disastrous losses in the market. Adrangi also cites that short activism is not always a good way of making money in short selling. Short activists short stocks and go public to share their views and research, as well as the possible merits. The idea of short selling involves leveraging the companies‘ credibility; which triggers market attention.
He continues to insist that his hedge fund research firm is active in short selling despite the current situation in the market. He notes that last year was marked with great losses as a result of ruined shorts. Nonetheless, the situation bound to change with the increasing demand for short-seller hedge funds.
Sahm Adrangi traces his background from Tehran in Iran. Consequently, he spent the better part of his childhood and youth in Vancouver, Canada. Adrangi is a graduate of the Yale University.