SahmAdrangi’s Work Through Kerrisdale

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SahmAdrangi’s Work Through Kerrisdale

7
Jan,2018

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SahmAdrangi is the founder of Kerrisdale Capital, a fundamentally-oriented investment management firm that deals with long-term event-driven special situations and value investments. The firm takes a soft activism investment approach which attempts to create catalysts by making investment ideas available to the whole investment community and is among the leading proponents in that sector. These ideas are shared through the company’s website as well as third-party websites.

SahmAdrangi founded the New York-based Kerrisdale Capital in 2009 and became its Chief Investment Officer. Before this, he was working at the Longacre Fund Management as an investment analyst. His job description at Longacre consisted of conducting research and analysis on both the distressed debt credit fund and the equity fund. As of the end of 2008, Longacre was said to be managing over 1.2 billion dollars under its assets.

SahmAdrangi, who is a holds a Bachelor of Arts degree in Economics from Yale University, also worked at Deutsche Bank in the leveraged finance group. Here his duty was to assist in the syndicating and restructuring non-investment grade bank debt and high yield bonds such as leveraging Chapter 11 exit financings, debt refinancing and buy-out financings.

SahmAdrangi also worked at the Channing Capital Partners in the Bankruptcy restructuring sector where he advised the creditors on Chapter 11 bankruptcy and out-of-court bankruptcy restructurings. At the Channing Capital, he worked to represent the bondholder committees, bank debt holders, several equity committees as well as other creditors belonging to other distressed and bankrupt companies.

SahmAdrangi has taken an activist role over the years where he exposed several fraudulent Chinese companies some of which became under enforcement action by the Securities and Exchange Commission. Some of these include China-Biotics, Lihua International, China Education Alliance and ChinaCast Education. He has also engaged with the Lindsay Corporation Management optimise the companies’ cash deployment and capital allocation policies in 2013. In 2014, MrAdrangi also took on the Morgan’s Hotel group where he led a proxy contest to replace the directors of the team with two directors from his slate elected in 2014.

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