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The Story of Sahm Adrangi the Founder of Kerrisdale Capital Management

We had a discussion with a thirty five year old former trader of hedge fund credit after he reached out to me. We had a conversation about his time on Wall Street that includes a twelve year run with a stint at three hedge funds. He says that he has been enjoying reading my colourful write ups. He has closely been following my work on GNC Holdings. The Penn State graduate landed an internship in New York City on the credit desk of Merrill Lynch through hustle and networking.

He then worked at Longrace which was then a $3 million hedge fund. His time at Longrace overlapped with Sahm Adrangi who recently published Northern Dynasty: The Pebble Deposit Isn’t Commercial Viable that moved the market on 14th February. All credit to Sahm’s work, I am happy that we got the opportunity to buy back our position in NAK.

After working at Longrace, the hedge fund investor worked on the credit team for Paulson & Co as a credit PM for three years at Bowery Investment Management. He made a lifetime decision to quit Wall Street in June 2015 due to the working hours and the high cost of living in New York City. He was influenced by the perception that the game has changed due to the wide asset outflows in the industry on the once 2/20 fee structure. He says that he still loves to invest and generates most of his returns from the seed capital which he made on Wall Street. Following our conversation, I sense that he is a good guy who loves to invest and has made good money in his PA.

Sahm Adrangi is the chief investment officer and founder of Kerrisdale Capital Management. Sahm Adrangi has actively participated in the firm’s activities since its foundation in 2009. What remains spectacular about this investment is the fact that Sahm Adrangi founded it with less than $1 million and as of July 2017, the firm is managing $150 million.

Sahm Adrangi graduated with a degree in Bachelor of Arts from Yale University. Sahm Adrangi made a name for himself by exposing the fraudulent Chinese companies. He began his financial career at Deutsche Bank performing high yield and leveraged loan debt financing and advising creditor committees in bankruptcy.