I had an interview with one of the graduates of Penn State. He did his internship at Merrill Lynch, an opportunity which he got from diligence and networking. He worked at Merrill for three years, his main role being trading credit. He then joined Longrace, a $3 billion fund. His time serving at Longrace overlapped with AdrangiSahm’s, who is the hedge fund pioneer, Kerrisdale Capital. Mr. Adrangi recently published a piece that moved the market on 14th February, Northern Dynasty: The Pebble Deposit Isn’t Commercial Viable.
After working at Longrace, the interviewee left for Paulson & Co where he worked with the credit teams. One of the most important decisions he made was in 2015 when he decided to leave Wall Street following the high expenditures involved with living within New York and the advent of game change following the wide asset outflow fees structure. He loves to invest and generates most of his income from profitable securities arising from capital returns generated from the seed capital generated on the Wall Street.
Following the foundation of Kerrisdale Capital Management by SahmAdrangi, he is involved in all the aspects of the development of the firm since it was founded in 2009. He launched the company with less than one million dollars and now it is worth more than one hundred fifty million dollars. Kerrisdale Capital shares research on a variety of companies. Mr. Adrangi went to Yale University where he studied Bachelor of Arts in Economics. He began his financial career in credit at Deutsche Bank performing Leveraged loan debt financing and advising creditor committees in bankruptcy. He also spent many years working at Longrace management.
Mr. Adrangi focuses the efforts of the firm to the specific sectors in which Kerrisdale has developed expertise. One of these areas is the biotechnology sector, telecommunication, and the mining sector. Sahm worked with Lindsay Corporation management in 2013 to optimize the cash deployment of the company and the capital allocation policies. He is a remarkable leader and role model to many people in the business world. He has been a guest speaker in many conferences such as Traders & a cause and the Value Investing Conference.