Compared to other investment companies in the United States and particularly in New York City, Kerrisdale Capital Management could easily pass as a newbie and inconsequential within the investment industry. However, as small as it may appear, the firm has taken on assignments that veteran investment firms are yet to dare try. With a sharp mind in the person of Sahm Adrangias the CEO, Kerrisdale Capital Management appears ready and sharp to take competition within the industry to unprecedented levels.
The Co-Investment Fund
Among the many projects that the firm has had a hand in was the co-investment fund of April last year in which the firm was to fundraise for $10 billion. Within a short time, Adrangi had managed to sell his idea to investors, and well over $100 million was already in the basket. Adrangi was later to reveal that the co-investment fund was targeting to buy a sizeable stake in a public company that was about to open in the locality. Even though such daring investments have been seen before in other industries such as in energy and mortgage markets, hedge fund managers opt not to involve themselves in anonymous or ambiguous stock investments.
Reuters was privy to confidential information involving the co-investment fund. Quoting its reliable sources within Kerrisdale Capital Management, Reuters reported that Adrangi was leaving no stones unturned in pursuit of the fund’s success. Among the many strategies that he put in place in the company was to place himself directly in charge of the fund while Shane Wilson served as his assistant. Shane is a financial analyst at the firm, and his advice was crucial on the matter. The duo came up with advertisement videos and a company website, both of which were to be sent to potential investors. By the time of reporting by Reuters, the co-investment fund was already on the move to get a prime share of the company.
About Sahm Adrangi
For 12 years, Sahm Adrangi was working for New York’s investment moguls, before calling it quits and opting to take a sabbatical in his mid-30s. A B.A degree from Yale University preceded successive job spells at Deutsche Bank and Chanin Capital Partners.
From 2007, Longcare Fund Management hired Sahm to analyze its $2 billion worth debt fund. By then, he had already gone full cycle in investment matters and was ripe to venture out on his own. A couple of years later, he quit Longcare and started Kerrisdale Capital Management.