Investing in a Single Stock
Kerrisdale Capital Management mobilized its investors to raise more than $100 million. The money will be used to bet against a single stock. Kerrisdale`s investment fund is a first of its kind. Most Hedge fund managers raise money to support startup business or other related enterprises. such funds also support the recovery of securities for residential mortgage securities and distressed energy firms. Kerrisdale goes against the common trend by using its investment fund to purchase stock of a public company that is yet to be unveiled.
Sahm Adrangi said that the the organization raised the required amount of capital in a very short time. He appreciated the investors` commitment and participation in the process. Kerrisdale Capital Management decided to invest in an organization that is probably over $10 billion. It will later explain the investor`s insight, regarding the soon-to-be-unveiled company, to the public. Adrangi is currently working with Shane Wilson, an analyst of Kerrisdale. The two are developing a video, a report and website to convince other people about Kerrisdale`s objectives.
The unknown company will be made public in mid-May. The person that spoke did not provide the actual date to maintain the company`s anonymity. The public was not supposed to acquire the information before the company was revealed. The investor`s fund is already being used to purchase funds in the unnamed firm.
Kerrisdale manages over $500 million assets, including the new investment fund. The firm has a good history of betting against companies before they go public. Kerrisdale recently made activist position with sage Therapeutics and Globalstar. Kerrisdale has been making an annual profit of 28% for the last five years.
About Sahm Adrangi
Sahm Adrangi is the founder of Kerrisdale Capital Management. He is currently the Chief Investment Officer of the organization. Since its founding in 2009, Adrangi has been a key player in the firm`s investment plans. He has helped the company record a significant growth. A firm that started with less than $1 million currently manages over $500 million assets.
Adrangi became famous when he exposed Chinese companies that participated in fraudulent activities. Such included China Marine Food Group, Lihua International and China-Biotics. Adrangi has played an activist role in several investment projects.
Read More: www.crunchbase.com/person/sahm-adrangi