For a 32-year old to have the attention of New York Magazine and CNBC finance editors owing to what he says regarding fund management, that alone is itself not a mean achievement. Sahm Adrangi, an up-and-coming fund management superstar, the CEO, and founder of Kerrisdale Capital, is now worth $250 million in assets, says the New York Magazine. Kevin Roose, of NY magazine, predicts that Adrangi will soon be as influential as Dan Loeb, a renowned hedge funder. Incidentally, Sahm Adrangi also started off in fund management while still quite young, and Adrang regards Dan Loeb as his role model.
Adrangi and a Commanding Presence on Twitter
The one thing that distinguishes Sahm Adrangi is his daily tweets offering authoritative opinions on financial issues. His stylish and brush way of approaching investment matters always causes fireworks. Unlike the fellow hedge-fund managers who operate secretly, Adrangi, loves to make himself known. He began Kerrisdale Capital in a very humble way.
I had only me and a computer at the beginning,’ he says.
Every month, Sahm would send an investment plan to between 30 and 40 people. A roommate who owned a blog helped to distribute the investment notes online. Adrangi researched on exchange stock ideas and got many ideas on SumZero, Value Investors Club, and Seeking Alpha, and Sahm Adrangi’s lacrosse camp.
U.S.-Listed Chinese Companies
In 2009, he made approximately 40 percent interest after betting on special-purpose acquisition firms warranties. However, the breakthrough for Sahm Adrangi occurred in 2010 while he was busy researching on Chinese companies listed in the United States that also participated in the American stock exchange, and contact him.
Sahm compared the filings of the Chinese firms in the United States and the information from a Chinese regulatory agency. He discovered fraudulent growth claims, dubious audit reports, and accounting irregularities. Adrangi shorted the Chinese companies, and the firm’s stock declined by 40 percent within two days. Adrangi got a 60 percent profit by finding more hoax Chinese entities, shorting the stock, compiling reports, starting an online campaign, and causing the stocks to fall. By 2012, Sahm Adrangi had several million dollars, and Kerrisdale Capital ranked among the American best-performing hedge funds, and https://twitter.com/sahmadrangi.