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.