Occasionally, hedge fund managers raise money to place against an investment thesis. However, Kerrisdale Capital Management has raised 100 million dollars to bet against the stock of a single company. The small New York firm raised the commendable amount of money to short the stock of a company which they have not yet revealed to the public. Kerrisdale Capital Management founder and Chief Executive Officer SahmAdrangi wrote to investors that the fact that they had raised such a large sum of money in such a short time was evidence that their investment thesis had captured their imagination. The plan was for Kerrisdale Capital to identify a 10 billion dollar company and explain their insights on the said company to the investors. The process seems to have worked as they have raised that much money. Currently, SahmAdrangi and chief analyst Shane Wilson are in the process of creating a website, report, video, audio and visual presentations to make their point more elaborate for their investors and convince others to invest in Kerrisdale Capital.
Kerrisdale Capital, despite being a relatively young firm, currently manages an approximated 500 million dollars. It has been involved man short positions throughout its short history, with some of the most recent ones including biotech and pharmaceutical companies such as Globalstar, Sage Therapeutics, and Zagfen. Their success in these positions and others have gained Kerrisdale Capital Management a reputation in the financial investment industry and may explain why investors have entrusted them with funds to establish a position in a company which has not yet been revealed.
Sahm who is a graduate from Yale University, founded Kerrisdale Capital Management in 2009 and has stayed on as the Chief Investment Officer. In his position, he has seen it grow from managing 1 million dollars with which he founded to it, to managing 500 million dollars currently. In its eight-year history, Kerrisdale Capital has created a reputation for short sales which have seen the firm manage larger sums of money at given times. Mr. Adrangi uses his knowledge to publish information on overlooked longs and overhyped shorts, enabling investors to make informed investment decisions.