Sahm Adrangi
Sahm Adrangi is the Founder and Chief Investment Officer of Kerrisdale Capital Management. Best known for short selling and publishing research, he shares his firm’s views on stocks that are misunderstood by the market. Adrangi has been a speaker at numerous conferences and has appeared in interviews on CNBC and Bloomberg. His expertise has been featured in major publications, including the Wall Street Journal, the New York Times, the Washington Post, BusinessWeek, and many other publications.
Sahm Adrangi Professional Experience / Academic History
Professional Experience
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Founder and Chief Investment Officer
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Analyst
Academic History
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BA, Economics
- Sahm Adrangi started his financial career in credit—performing high-yield and leveraged loan debt financings at Deutsche Bank, as well as advising creditor committees in bankruptcy and out-of-court restructuring situations at Chanin Capital Partners.
- Subsequent to his investment banking experience, he spent several years at a multi-billion-dollar distressed debt hedge fund, Longacre Management.
- He launched Kerrisdale Capital with under $1 million and the firm currently manages approximately $500 million as of February 2020.
- Adrangi first made a name for himself shorting and exposing fraudulent Chinese companies, including China Marine Food Group, China-Biotics, Lihua International, and many others in 2010 and 2011.
- Several of his targets, such as the China Education Alliance and ChinaCast Education Corp, became subject to enforcement actions from the Securities and Exchange Commission.
- In late 2014, he exposed weaknesses in Globalstar’s proposed Terrestrial Low Power Service in a live presentation and webcast, followed by a series of articles, ex parte letters filed with the FCC, and a meeting with the FCC.
- In addition to publishing research, Adrangi has taken an activist role in several investments.
- In 2013 he engaged with Lindsay Corporation management to optimize the company’s cash deployment and capital allocation policies.
- The following year, he led a proxy contest to replace the directors of Morgans Hotel Group with two directors from his slate elected in 2014.