Sahm Adrangi- A Fan of Activist Investing

 

Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital Management. He has served in that role since April 2009. Adrangi started the company himself with less than $1 million. Kerrisdale is headquartered in New York City. As of July 2017, the company has $150 million in assets under management, and more information click here.

For three years, Sahm Adrangi has worked as an analyst at three companies: Deutsche Bank, Chanin Capital Partners, and Longacre Fund Management LLC. At Deutsche Bank, he worked in the leveraged finance(LF) group. While at Chanin, Sahm Adrangi served as an advisor for creditors in Chapter 11 restructurings. Adrangi has aided in the structuring and syndication of bank debt and high yield bonds with a credit rating lower than BBB. This includes LBO financing and exit facility in Chapter 11 bankruptcy. Longacre had more than one billion dollars in distressed debt.

Sahm became well known for finding suspicion of fraud in Chinese companies (i.e. China Marine Food Group, China-Biotics, Lihua International). He also short sold the stocks of those companies. The Securities and Exchange Commission has imposed sanctions on China Education Alliance and ChinaCast Education Corp. Sahm Adrangi has done investigations in the biotech (development stage), mining, and telecommunications industries. Kerrisdale has been concerned with issues in the telecommunications industry, such as weaknesses in Globalstar’s planned Terrestrial Low Power Service. Mr. Adrangi has questioned the profit outlook of mining and market valuations of resources companies (i.e. First Majestic Silver, Northern Dynasty Minerals), and Sahm’s lacrosse camp.

In 2013, Sahm Adrangi improved the cash deployment and capital allocation processes of Lindsay Corporation. He led a proxy fight with Morgan Hotels Group to change its management. As of March 2017, Adrangi published an article “Northern Dynasty: The Pebble Deposit Isn’t Commercial Viable”, and his Linkedin.

Sahm Adrangi has spoken at the Sohn Conference, Value Investor Conference, Activist Investor Conference, and Traders4ACause. CNBC and Bloomberg have interviewed Adrangi. He has been mentioned in newspapers and magazines, like the Wall Street Journal, New York Times, Washington Post, and BusinessWeek, and http://www.futuresmag.com/author/sahm-adrangi%E2%80%8B.

In 2003, Adrangi graduated from Yale University with a Bachelor’s degree in Economics. He is a Canadian who was born in Iran.