Investor Sahm Adrangi Shows History of Success upon Retirement

Investor Sahm Adrangi history of success in business is impressive. Sahm Adrangi is a 2003 graduate of Yale University with a Bachelor’s of Fine Arts in Economics who started as an anaylst for the Deutsche Bank and currently holds the position of chief investment officer of Kerrisdale Capital Management, a company that managed around $500 million as of April 2016. Previously employed as an analyst for Longacre fund management in charge of a $2 billion distressed debt fund, Sahm Adrangi left this position to cofound Kerrisdale Capital with an initial $1 million investment and has taken part in the development of the company every step of the way.

Sahm Adrangi works with hedge funds to bet both for and against different companies in a process called short-selling. When working for Paulson and Company after Longacre he managed to make around $6 billion shorting mortgage bonds. His main hedge fund at Kerrisdale showed a trend of an approximate 28% annual return for several years as of 2016. Using this process, Sahm Adrangi was able to raise around $100 million from different investors to bet against a single stock in 2016. This process was one of the first of its kind and was met with great interest in the investment community. Similar tactics were used by Kerrisdale with companies like Zafgen, Sage Therapeutics, and Globalstar, a satellite company.

In 2015, Adrangi decided to retire, possibly not permanently, from the stress of Wall Street and New York. After a twelve year run with great success, one could argue that the break is well earned. Though retired, he still manages to generate much of his current income through seed investments made previously through Wall Street. During his career he was a speaker at several conferences including the Activist Investor Conference, Traders 4 a Cause, the Sohn Conference, the Distressed Debt Investing Conference, and the Value Investing Conference. Despite his retirement, he still plans on doing interviews and being featured in conferences and publications.


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