Photo-centric cryptocurrency and a blockchain-enabled image licensing platform may have excited some investors when Eastman Kodak made the announcement earlier this year, but they did nothing to boost Sahm Adrangi’s faith in the company. Sahm Adrangi’s company, Kerrisdale Capital, took a short position in Kodak.
Kodak’s announcement drove up share prices significantly. However, Sahm Adrangi did not buy into the hype surrounding the company’s announcement. His view was built on his research and his experience in the field of investing. The thirty-something Yale graduate has worked in the world of finance for well over a decade. During his years in the industry, he has established a good track record for himself and, after founding Kerrisdale Capital, his company.
Sahm Adrangi established Kerrisdale Capital in 2009, and he has grown the company significantly over the years. As of July 2017, the company was responsible for managing $150 million. That is a fairly impressive amount, considering that the private investment management firm was started with less than $1 million less than a decade earlier. It was with Sahm Adrangi at the helm and very involved in the company since the beginning that it has grown into such a substantial force within the world of investing.
When Sahm Adrangi looked at Kodak’s announcements earlier this year, he saw trouble. His belief is that the company is on shaky ground, and it is simply trying to shore itself up by jumping on the latest craze–in this case, cryptocurrency. That led to Kerrisdale taking a short position in Kodak and issuing a negative report regarding the company.
On February 7, Kerrisdale Capital hosted a conference call to discuss that negative report. Interested parties from around the world were encouraged to participate in the call and were provided with the applicable phone numbers by which to do so.
“An Ode To Those Who Wander” is one of the most heartfelt pieces, Seekingalpha’s editor has written in the recent past. If there is any person who shares these sentiments with me it’s Sahm Adrangi a retired hedge fund trader turned credit analyst. After reading the online publication, Mr. Sahm Adrangi reached out to the editor for an afternoon chat where the two got to talk about GNC Holdings, Inc. (NYSE:GNC) and Sahm’s career path. According to the editor below are some of the facts that will help us understand Mr. Adrngi better.
Sahm Adrangi is a former Penn State graduate who has worked himself tirelessly up the ranks of Wall Street. After graduation, though determination and networking Sahm Adrangi, secured himself an internship post at the New York’s branch Merrill Lynch’s credit desk. Zealous for the job, Sahm effortlessly worked hard securing himself an additional three years at the institution where he was able to supplement his trade credit experience at the bond desk.
Immediately after Merrill Lynch, Sahm joined Longacre a $3 billion hedge fund. He was able to grow himself career wise taking other assignments such a joining Paulson & Co credit’s team that dealt with shorting mortgages bond. He also worked with Bowery Investment Management, LLC before calling it quits. Sahm Adrangi’s Wall Street career was well decorated however the renowned investor decided to call it quit in 2015 due to a number of factors including the escalating high cost of living in New York City and the rapidly changing market. Nonetheless Sahm Adrangi still participates in various investment ventures and currently he is the Chief Investment Officer at his own investment firm, Kerrisdale Capital Management LLC.
Sahm started Kerrisdale Capital Management LLC in 2009 with an initial investment of one million US dollars and has been able to grow it to approximately, $150 million as of July this year. Despite the successes it has not been easy for the investor who has made a name for himself by exposing fraudulent Chinese companies in the economy. In addition to this, Mr. Adrangi is famed for his research skills when it comes to short term investment ventures and to know more