SahmAdrangi is one of the most successful investors in the world. Many people know him as the founder and also the chairman of a company known as Kerrisdale Capital Management. The institution has done very well under the leadership of Sahm over the years. Just recently, the businessman announced that his firm had managed to raise over one million dollars from investors.The money acquired will be used to bet against a single stock.
This is the new co-investment in the institution, and investors say that it is one of its kind. According to a close source in the investment company, the hedge fund manager chooses to raise money so that they can put in a special investment such as residential mortgage backed securities, the recovery of distressed energy companies and other related investments.However, for the small firm that is currently based in New York City, the money raised this time will be used to short the stock in a public company that will be unveiled to the investors very soon.
The management of the institution did a lot to ensure that the money was raised in time.The top management says that the money was meaningful, and it was raised in a very short duration. In an email to the investors, the company struck a chord that is within the community alternatives. In this letter, the company explains that it has decided to invest in the company that is currently worth ten billion dollars. Before making this investment, the team had to make the investors understand all the insights discovered about the enterprise.
Kerrisdale has been in the market for a while now, and it currently manages over five million dollars. This amount includes the new money that was raised by the investors recently. The company has a history of betting against some of the firms in the market. This time round, the company is taking the case to the companies in the public department.
SahmAdrangi is a popular name in most households in the world. Many people know him as the Chief Investment Officer and founder of the prestigious Kerrisdale Capital Management. Since the year 2009, the businessman has done his best to make sure that the company reaches its objectives.