Background
Although Adrangi was born in Iran, his family relocated to California when he was still a young boy. After staying in California for a while, his family then moved to Canada, and they settled in an area known as Kerrisdale.
Although Adrangi was born in Iran, his family relocated to California when he was still a young boy. After staying in California for a while, his family then moved to Canada, and they settled in an area known as Kerrisdale.
Sahm Adrangi focused on economics at Yale University and graduated with a Bachelor of Arts in Economics from the Ivy League institution. The Iranian-born, Canadian-raised finance analyst paved the road to his own investment firm in New York City. Through a series of analyst positions at high profile firms, he eventually opened Kerrisdale Capital in 2009.
Adrangi enrolled in college with a specialization in economics. Sahm Adrangi is now an alumnus of Yale University, where he received his Bachelor of Arts Degree in Economics. Although he wasn’t obsessed with markets initially, he finally gained some interest. After graduating, Sahm Adrangi started his career with Deutsche Bank when they offered Sahm Adrangi his first job as a finance expert. Adrangi was handling chapter 11 exits and the leveraged finance sector. His focus was on the structuring and syndicating of high-yield bonds and non-investment grade debt. His efforts also helped with the leveraging of buy-out financings.
After working at the Deutsche Bank for quite some time, Sahm Adrangi landed another job at Chanin Capital Partners where he also handled chapter 11 restructuring. Later on, Adrangi got a job as an investment analyst at the Longacre Fund Management where he carried out the analysis of the company’s equity and credit funds. Thereafter, Sahm Adrangi dug deeper into his goals by establishing Kerrisdale Capital Management.
Sahm Adrangi is the CIO (Chief Investment Officer) and Founder of Kerrisdale Capital Management. He has been critically involved in the development aspects of the company since it was founded. As a financial analyst, Sahm Adrangi is known for short research involving activism. He made his name by shorting fraudulent Chinese companies, especially in the biotech industry.
Although the company was founded during tough financial times, this did not hinder the company’s growth. Sahm Adrangi used his influence on Twitter and Seeking Alpha to enhance the company’s growth. Adrangi utilized these internet platforms to expose the US-listed Chinese companies that were engaging in fraudulent activities by publishing their research reports. In the reports, Adrangi indicated that these companies went public by utilizing reverse mergers. Adrangi realized that his efforts were paying off after exposing a few companies. Although he did not have many followers, his influence on the market was tremendous.
When Sahm Adrangi is dealing with numbers, he always tries to trace the illegalities that may be present in a company’s financial statement. He considers factors such as growth, margins, and the return on investment. When he notices that a business has grown rapidly and unusual as compared to its competitors, that’s an indicator that the company might be engaging in fraud. As for cross-filing, Adrangi mainly looks into the SEC filings and the organization’s country of origin. If there are any disparities present, Adrangi tries to dig deeper to expose the fraudulent activities taking place within the company. For instance, Adrangi has ever exposed a Chinese based company known as the China Education Alliance. In the company’s SEC reports, the company was making $50 million whereas the records by the Chinese government showcase that the company was earning $1 million.
