Sahm Adrangi : Creation and Growth of Kerrisdale Capital Management

Sahm Adrangi’s Kerrisdale Capital Management, a New York located firm, began its journey on July 1, 2009 delivering net returns of 1,152.3%, compare this against the S&P 500 return of 164.5%.

Heads continued to look up and take notice as Kerrisdale raised approximately $100 million from investors to bet against one single stock, reported by someone close to the situation, told to Reuters. This fund is noted to be the first hedge fund to focus on one sole entity. Reportedly, the firm intends to use the investor’s funds to short the stock of a not-yet-released public stock.

Adrangi’s firm has an established track record for selling shares of stocks short, which can be a risky business. Some companies they bet against recently are Zafgen, a pharmaceutical corporation working on antiobesity drugs and Sage Therapeutics, also a drug company.

Earning his Bachelor of Arts in Economics from Yale University, Adrangi went on to a career at Deutsch Bank, where duties included performing high yield and leveraged loan/debt financing transactions. Also using his expertise at Chanin Capital Partners, where he advised creditor committees in bankruptcy including out-of-court restructuring events and assignments. Tasks involved serving creditors of distressed and bankrupt businesses, financial institution debt holders, bondholder committees plus preferred equity committees.

After working Chanin Capital Partners he spent several years with Longacre Management, a multi-billion-dollar distressed debt hedge fund, providing research and investment analyst in equity and credit funds.

Mr. Adrangi, as Chief Investment Officer, has actively participated in all areas of this smaller firm’s creation as a managing partner and founder. Continuously seeking to provide management of Kerrisdale Capital by carefully evaluating changes in the market driven by special events, in addition to his focus on longer term value corporations and selling short. Publishing research may continue to be a part of materials offered along with his expertise handling of this unique firm.

Learn More:

What Betsy DeVos Has Achieved In Her New Role

Betsy DeVos is among the few leaders who have led the bandwagon in ensuring quality education for everyone is achieved in the United States. Through her foundation, The Dick and Betsy DeVos Family Foundation she has sought to enable students from marginalized backgrounds land a chance at a better education through scholarships. It was easy for Betsy to make it in the fields of philanthropy and social business ventures because to her it is more of a conviction and not little work. Her foundation in 2015 independently raised a sum of $11.6 million and funded various noble initiatives in the American society. Her family has managed to earn itself a position as one of the goodwill proponents in the United States.


Before becoming a cabinet secretary in the Trump government, Besty was a candid activist who aimed in pushing for changes in the Education sector in America. She was fond of charter schools, and it’s this fondness that saw the financing of institutions such as the Success Academy Charter Schools and the Potter’s House School. To Betsy, the most prominent undoing of the American Education System is its dependence on past ideas. The only way it can be salvaged is by enforcing new mechanisms that lean more on what students want.


Betsy’s contributions to the education sector can not only be limited to charter schools but also the advancement of research in Medicine. The family foundation is also popularly recognized for playing the role of supportive big brother to Christian missions and schools of art. In just five years, the organization has been able to come up with a sum of $100 million which has been directed to promoting some different noble causes with the aim of making the world a better place.


Lately, Betsy has taken it upon herself to travel around the United States to get a clear picture of the status of education in the institutions. Her support of charter schools has seen immense help from other interested parties and stakeholders at large. She has used her position as cabinet secretary of education to prove that she can indeed feed the sector with new ideas.


Betsy’s closeness with most educators and parents is one of the significant factors that have aided her in rehabilitating education. The results are evident from the satisfactory smiles by most students once they get a chance to venture into careers of their choice. This has been so in the District of Columbia where she has made it her priority that students go to schools of their choice. She further emphasizes that the challenges being faced in the Education sector need to be approached differently than before.


Follow Betsy DeVos on twitter for updates.