Sahm Adrangi Betting Against a New Company Stock

Mr. Sahm Adrangi is a business owner and an investor. He created the company of Kerrisdale Capital Management in the heart of New York a few years ago.

The company of Kerrisdale Capital Management is still a small firm, but it has big plans for the future. Kerrisdale Capital Management has raised about a hundred million dollars for a vast number of investors. The fundraising is a part of a project, and so the money will be used to bet against a single stock.

The point of this is to shorten that stock of a public company but which company exactly has not been specified just yet. According to a spokesperson, the company in question will be announced in the middle of May. Mr. Sahm Adrangi stated that the money had been raised in a very short amount of time. That makes the businessman believe that the project has struck a chord within the investors and the community of business.

In order to spread the thesis of the Kerrisdale Capital Management, Mr. Sahim Adrangi and the data analyst of the company Shane Wilson are working together to spread the idea and convince more investors to put their money into its realization. The team is creating a website complete with videos, reports, and so on to get their point across.

Kerrisdale Capital Management is currently managing about half a billion dollars including the money that the raised. The company has been betting against other businesses in the past as well. Some of their previous targets include the satellite business of Globalstar as well as the biotech firms of Zafgen and Sage Therapeutics. The company of Kerrisdale Capital Management bets the businesses will not be successful in the next year through a hedge fund and it also makes bets that it will be successful.

Speaking of their hedge fund, Kerrisdale Capital Management the annual return if about 28%. That number applies to the fast handful of years according to a spokesperson of Kerrisdale Capital Management. The hedge fund of the company has been down by 7 percent n 2016 up until the March of this year.

Read More : https://www.hvst.com/user/sahm-adrangi

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