An individual familiar with the situation told Reuters that the Kerrisdale Capital Management had raised about $100 million against a single stock from its investors. It now seems like the present Kerrisdale “co-investment” fund would be the first of its kind given that Hedge fund Managers raised money that would be directed on a specific investment thesis, such as the recovery of the distressed residential mortgage-backed securities and energy firms.
Additionally, the relatively small New York company was planning to channel the money to stock another firm that was yet to be named soon. The targeted company had been planned to be unveiled in Mid-May as indicated by someone who spoke on condition of anonymity since the information was not intended to reach the public at the time. The firm had already started establishing its position in the company that was yet to be named.
Within a short period, the firm raised a meaningful amount of capital according to an email written by Adrangi that had been leaked and reviewed by Reuters. An analyst at Kerrisdale who focused in the upcoming campaigns called Shane Wilson and SahmAdrangi are working collaboratively in the creation of videos, reports, a website among others that they would use to relay their information and convince others about their thesis. The duo had struck a chord within the alternative community, and as indicated in the email, they had raised the firm’s assets to about $10 billion, and they had successfully gotten everyone to understand different insights they possessed about it.
Sahm attended Yale University where he obtained a Bachelor of Arts degree in Economics. Besides, he is an eloquent speaker who is recognized internationally. As a speaker, he has been invited to deliver talks at the following conferences, Sohn Conference, the Value Investing Conference, Traders 4 a Cause, the Activities Investor as well as the Distressed Debt Investing Conference. Furthermore, SahmAdrangi is a public figure and has featured in various publications such as the Washington Post, the BusinessWeek, The Wall Street Journal, Business Daily, New York Times among others. Also, he appeared in interviews at CNBC and Bloomberg.