Sahm Adrangi wrote a heartfelt piece talking about an Ode to Those Who Wonder. Soon after Sahm published the publication, a former Wall Street bond trader who has turned to a credit analyst reached out to him. The two chatted over the weekend, and the analyst noted that he had been closely following Sahm Adrangi’s work on GNC.
The analyst is a hard-charging Penn State graduate. He landed an internship on the credit desk at Merrill Lynch in New York City through networking and sheer hustle. He has a way of clicking well with people and the surroundings, which together with his hard work enabled him to work for three more years at Merrill. He then parlayed his expertise into a credit trading task at a $3 billion hedge fund known as Longacre. It was a coincidence that his time at Longacre ended at the same time as Sahm’s. He then moved to the credit team for Paulson & Co, where he is making about $6 billion shorting mortgage bonds. He left Wall Street in 2015 after deciding to quit.
Sahm founded Kerrisdale Capital Management. He is also the chief investment officer who has been involved in various aspects of the company’s development since it was established in 2009. When developing the firm, Sahm only spent nothing more than one million dollars. However, the business has grown over the years and it currently, as of July 2017 manages about $150 million. Sahm is well-known for short selling and publishing research. He shares his views on stocks such as overhyped shorts and under-followed longs that most investors and the market at large misunderstand. Kerrisdale carries out research that aims at correcting the misconceptions about the fundamental business prospects of the companies.
Besides publishing research, Sahm is an activist in several investments. Sahm engaged with Lindsay Corporation management in 2013 to enhance the cash deployment and capital allocation policies of the company. Sahm began his financial career in credit at Deutsche Bank by carrying out leveraged and high-yield loan debt financing. He has also been a speaker at several conferences such as the Activist Investor conference, Value Investing conference, and distressed debt investing conference.
Learn More: www.kerrisdalecap.com/