Kerrisdale Capital Management LLC is an organization that focuses on special event-driven situations as well as value investments made for extended periods. Founded in 2009 by Sahm Adrangi, the firm is dedicated to correct the misconceptions about the stock market. Under the leadership of Sahm Adrangi, Kerrisdale research has included various aspects related to different industries including telecommunications, mining as well as biotechnology. Sahm Adrangis popularity within the investment banking business grew immediately after he launched Kerrisdale when he exposed Chinese firms which carried out fraudulent operations.
Other than his role as the CIO at Kerrisdale, Sahm Adrangi is a guest speaker at many conferences and events. He has been invited to address matters related to investment on various occasions including the Distressed Debt Investing Conference. He managed over two billion dollars in distressed debt at Longacre Fund Management LLC before he formed Kerrisdale. Also, he has been featured in many publications including the Wall Street Journal.
Recently, under the leadership of Sahm, Kerrisdale Advisers LLC had a 19.27% increase in its stake in Luxoft Hldg Inc. Kerrisdale is reported to have bought more than 118,000 shares as the company’s stock experienced a 26.09% drop in the market. According to the regulatory filing of the SEC, the hedge fund run by Sahm Adrangi held 734,056 shares of Luxoft Hldg Inc at the end of 2018Q1. Recently, Kerrisdale has been seen to be bullish on the 1.3 billion dollars worth of Luxoft Hldg Inc in which they have been investing in for several months. During the last trading period, a 0.59% increase was reported in the stock. This lead to a $38.67 share rate and about 9,647 shares were traded.
In one of his presentations on fraud,Sahm Adrangi mentioned that Kerrisdale capital had built its business around short activism. He added that they first began by publishing their research in 2010 on shorts. At this time, Chinese frauds were dominating the market and short sellers ha eradicated about 20 billion dollars of capital which were being invested in Chinese companies carrying out fraudulent operations. According to Sahm, Kerrisdale is now focused on names within the complex sectors in the U.S.
Shervin Pishevar ranks among the most exceptional entrepreneurs in Silicon Valley. He was among the brains that helped to create the modern-day Silicon Valley. He assisted in the establishment of many business ventures that have turned out to bemulti-billion dollar enterprises. He was an early investor in the Uber Company that has already opened offices in other countries outside the United States.
Shervin Pishevar has never been shy of speaking his mind on any platform. The accomplished venture capitalist mostly uses his Twitter account to reach to his numerous followers. He lastly posted on his Twitter account in 2014. However, earlier this year, he decided to come back with a bang. Shervin started unloading his thoughts in a series of tweets where he predicted the future of the American economy, expressed his opinion on cryptocurrencies, the bond, and capitalization.
In the Tweetstorm that lasted for 21 hours, Shervin Pishevar predicted that the country is about to experience a sharp economic decline whose effect will be felt by everyone in the country. While the warnings represent one man’s opinion, Shervin’s advice on economic matters is a valuable one. For the time that he has been at Silicon Valley, Shervin has gained immense experience in financial issues, which has helped him inestablishing successful business ventures.
In one of the tweets, Shervin Pishevar predicted that the stock market would drop by close to six thousand points in the coming months. Shervin pointed out that the banks have already increased lending rates while the government continues to increase the national debt. According to Shervin, the recent move by the government to approve tax giveaways to the rich could be disastrous to the country’s economy.
In another tweet, Shervin Pishevar noted that the crumbling bond market is another sign that investors have nowhere else to run to. Shervin fears that the national government will soon start introducing new money to the economy in a bid to stimulate growth.
According to Shervin Pishevar, this strategy is not likely to work since it has already lost its edge. With the decline in the bond market coupled with increasing interest rates, the investors are expected to go into panic mode thus withholding their investments.