Kerrisdale Capital Management recently made history after it garnered $100 million for a single stock. The money was generated after investors bet on a single stock of a new unnamed company. Kerrisdale Capital is considered as the first financial institution to raise a “co-investment” fund.
In circumstances where hedge fund managers raise money, it is usually focused on different investment theses. These include recovering distressed energy companies and acquiring mortgage-backed securities. With its headquarters in New York, Kerrisdale Capital seeks to utilize the co-investment fund to short an unnamed company.
According to the Kerrisdale’s chief investment officer, Sahm Adrangi, the co-investment fund was raised within a short period. Adrangi also wrote in an email addressed to investors that Kerrisdale Capital is on a mission to help investors understand its visions. He also mentioned that one of the visions is to launch a new company that is valued at $10 billion.
Sahm Adrangi has also enlisted the help of other experts who work for Kerrisdale to develop a campaign for the new company. The campaign is set to feature a detailed report, video and a responsive website. Furthermore, the targeted firm was scheduled to be announced back in May this year.
Kerrisdale Capital currently manages over $500 million inclusive of the co-investment fund that was raised. The firm is also known for betting against companies as a way of getting investors to buy stocks. Businesses that have recently been betted on include Globalstar, Sage Therapeutics, and Zafgen.
About Sahm Adrangi
Sahm Adrangi is an investment expert known for creating one of the most profitable investment management companies known as Kerrisdale Capital Management. Since 2009 when the firm was established, Adrangi has been on the front line of developing effective strategies to help it grow. He founded Kerrisdale Capital with a capital of $1 million.
Adrangi is also known for sharing Kerrisdale’s views on stock investments. Kerrisdale Capital on the hand shares this information on its official website and Twitter page. Sahm Adrangi earned recognition after he helped the Securities Exchange Commission to identify fraudulent companies. SEC acted promptly regarding this companies by penalizing them.
Madison Street Capital has been a top financial counselor since it was established. The investment banking enterprise is based in Chicago and currently serves clients from across the world. MSC assists corporations in handling complex business transactions, making wise decisions about their investments, and also accessing credit without difficulties. The company is highly experienced in the business valuation and M&A services. It has offered excellent services to several leading corporations, and this has assisted in to earn an outstanding reputation.
Vital Care Industries hired the advisory services of MSC in 2014. The firm is based in Illinois and is renowned for the manufacture of high-quality medical products. Madison Street Capital’s services assisted Vital Care in partnering with a reputable financial institution that offered it a commercial loan. Its CEO was very pleased with the way the deal was conducted. Vital Care Industries has been operational since 1984, and it has specialized in the manufacture of sterile medical supplies.
In 2015, the co-founder of MSC’s accomplishment was acknowledged by the National Association of Certified Valuators and Analysts, which nominated him for a 40 Under Forty award. The primary focus of the program is to the appreciate individuals who have made significant achievements in the M&A, valuations, and many other areas in the investment banking sector (https://www.inc.com/profile/madison-street-capital). Marsala kicked off his finance career 14 years ago and currently acts as the Madison Street Capital CEO.
Professionals in the finance industry chose MSC as the finalist of the M&A Advisor Awards during the 2016 summer. Companies that get nominated for the award must have completed top restructuring, financing, and acquisition transactions. Finance experts chose Madison Street Capital as the best boutique investment banking firm in 2016. The company managed to be the finalist because of its performance in a merger transaction that was below $100 million.
MSC’s skills also enabled it to be voted as 2016’s winner of the Turnaround Award. The firm received the award in January 2017 for the role that it played in a high profile restructuring transaction that was below $25 million. The category had 300 other competitors. The M&A Advisors president believes that Madison Street Capital is committed to offering excellent services to its clients.