Sahm is a Yale graduate with a Bachelor of Arts in Economics. He is now the Founder and Chief Investment Officer of Kerrisdale Capital Management which traces its origin in 2009. From the time of the firm’s founding, Adrangi has played an active role in every aspect of the firm’s development. He has been able to grow the hedge fund from an initial investment of $1 million to an over $150million investment house.
He first landed an internship in Merrill Lynch’s credit desk in NYC and was able to extend another three years in the firm trading credit on the bond desk. He then doubled up the experience with a credit trading role at the firm which was then a $3billion hedge fund, Longacre. To sum up his experience prior Kerrisdale, Sahm Adrangi has worked as an Investment Analyst at Longacre Fund Management, Analyst at Chanin Capital Partners, and Analyst at Deutsche Bank.
Kerrisdale’ journey as a hedge fund investor started under the aliaswww.Chinese Company Analyst.com where he focused on uncovering murky Chinese reverse mergers – companies He states that he figured out of all the companies were scams and the only way he could make money out of them was to expose them. However, he was outed by Business Week, and he dropped the pseudonym to begin publishing under Kerrisdale Capital. The first big break for the firm was when and how he raided CEU (China Education Alliance) and even patted with 20% of the company’s capital on the collapse of CEU. This incident brought Kerrisdale to the map as a highly effective exposer of Chinese fraud.
In regards to GNC, Sahm says he shares the core thesis that there is a disconnection between the bears’ thesis that GNC is a dead brand and his experience visiting stores. He argued that there is decent traffic trends in his region Chapel Hill/ Raleigh area. From his experience on Wall Street, he states that GNC’s debt is weekly trading because those dealing with the bond stuck to the equity as their barometer which will be the tell for an all clear as they prefer having a significant market capitalization cushion.
Sahm Adrangi info: www.insidermonkey.com/hedge-fund/kerrisdale+capital/672/