Sahm Adrangi is a graduate of Yale University with a Bachelor of Arts in Economics. He worked at a Deutsche Bank in the leveraged finance group helping in structuring and syndicating bonds with high yields and bank debts that are non-investments. He moved to Chanin Capital Partners and worked in the investment banking restructuring group where he advised creditors on bankruptcy restructuring in chapter 11 and out-of-court. Sahm Adrangi then moved to Longacre Fund Management, a private investment partnership, where he worked as an investment analyst, researching and analyzing the equity and credit funds. From Longacre, Sahm founded Kerrisdale Capital Management in 2009 and currently serves as its Chief Investment Officer.
The New York-based company (Kerrisdale Capital) is mainly investment managing oriented. It has $300 million under its management and is devoted to investments in long-term value and special situations that are event-driven. It is among the premier proponents of soft activism investment emerging approach that shares ideas on investments with the community attempting to create catalysts.
Recently, Kerrisdale Capital Management has been issuing various negative reports. One report was on the Eastman Kodak Company, an imaging and commercial printing company. According to Kerrisdale Capital and Sahm Adrangi, KODAKCoin and KODAKOne are very much flawed, and its shareholders will never benefit materially. He states that a hype that cannot be justified led to the rise of the shares and that the eve of launching KODAKOne, the board of directors allocated themselves a certain amount of stock which should be investigated. Another negative report was issued on QuinStreet, an internet marketing company whereby Kerrisdale believes there has been a suspicious trend and phone traffic at Quinstreet’s websites generating revenue for the company at the expense of clients as users fill out forms or click links. The last report is on St. Joe Company with overhyped land holdings. According to Sahm Adrangi, the interior lands plans proposed by the company over ten years ago are still not feasible. Kerrisdale has short positions in the above companies, and if share prices fall, it benefits.