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.