Sahm Adrangi is a financial professional who works as a Chief Investment Officer for Kerrisdale Capital Management LLC. He holds a B.A. in Economics which he earned at Yale University in 2003. He has been at Kerrisdale Capital Management, a company he founded, since April 2009.
Before establishing Kerrisdale Capital Management, Sahm worked for Longacre Fund Management in New York City for a number of years. He was an investment analyst for this company which manages over $1 billion in assets under management. At this company he worked with distressed debt credit funds as well as other types of equity funds. His role was to provide research and his analysis of these types of assets in order to determine whether the company should invest in it or not.
Adrangi has also worked for Chanin Capital Partners. He helped people and company in debt figure out their options. This includes out-of-court settlements with those they owed money to as well as Chapter 11 bankruptcy filings. Among the clients he worked with were bondholder committees, bank debt holders, and preferred equity committees among others.
It was at Deutsche Bank that Sahm started his career in the financial industry. His job was to help structure and manage bank debt as well as high yield bonds. Like his next position, this sometimes entailed Chapter 11 filings as well as leveraged buy0out financing.
At Kerrisdale Capital, Adrangi is deeply involved in managing all aspects of company. When he established the company it had less than $1 million in assets under management. His company now has $150 million in assets under management due to the success his company has attained.
One of the ways that Adrangi has made money in the stock market is by shorting stocks, which means you make money when the value of the stock drops. Through research, for example, he saw that there were several companies in China that were publicly traded that were also scams. He shorted the stock of these firms, like China Marine Group, and then exposed his research to others. When the stocks collapse he made Kerrisdale Management quite a bit of money.
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