To be successful in your youth is quite a great achievement. Sahm Adrangi, the founder, and CIO of Kerrisdale Capital managed and continues to achieve success at 33 years. Kerrisdale Capital is a hedge fund that deals with long-term investments of value and event-driven special situations. The firm also undertakes hedge fund activism activities and goes further by speaking about them on social media. Adrangi headlines these activities and is particularly popular and invested in rooting out fraudulent foreign companies from the New York stock exchange.
The research carried out by the company under the leadership of Sahm Adrangi has uncovered foreign companies engaging in fraud so much so to the attention of the SEC. In the process, they have been able to make a lot of profit. Businesses do well in a market that has zero fraudulent activities hence he has overwhelming support for doing this. He began his research anonymously due to fear of retaliation but later used Kerrisdale Capital for the exposes. Many firms have since then taken up the mantle and joined in the fight.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018
Sahm Adrangi is a source of inspiration, and this has prompted him to speak out. He addresses conferences as a guest speaker, shining a light on emerging trends and issues in the investment industry. Speaking in conferences such as Sohn Conference, Distressed Debt Investing Conference, and Activist Investor Conference, he advocates for change. Adrangi, who graduated from Yale and previously managed more than $2billion in distressed debt at Longacre Fund Management, has turned a $1million hedge fund to a $200million hedge fund.
A recent address by Sahm Adrangi at the Kase Short Selling Conference focused on the opportunities in ad fraud. He says that he likes ad fraud because it gives him and the firm an opportunity to combine their short activism with an element of social good. He defines ad fraud as the fraudulent representation of online advertisement impressions, data events, or click conversations to generate value. Advertisements that are published on sites with no human traffic but rather computer traffic or those that use hackers to generate traffic commit ad fraud. Sahm Adrangi is leading the fight against fraud while at the same time inspiring people to be their best selves and make wise investments. He is the true mark of integrity.