$100 million is the amount that Kerrisdale Capital Management that is headed by SahmAdrangi managed to raise from investors. The amount is to be used on betting against one stock. This value is considered the first of its nature. Hedge fund managers commonly raise money primarily concentrating on particular investment thesis for example residential mortgage securities or even the recovery of energy companies under distress. Since Kirriesdale Capital Management is a small firm based in New York, it intends to use this money to stock a public company that will soon be released.SahmAdrangi informed the investors that the organization had succeeded in raising a significant amount of money within a short duration. They also began managing a company that is worth $10 million, according to the email sent to investors. Today, the organization manages $500 million, including the amount that was raised. For a time over, the company has been known for betting against corporations and making the public know the gamble.
Kerrisdale as taken part in numerous activities which include short positions in companies that make drugs such as Sage Therapeutics, Zagen as well as Globalstar. For the last five years, the hedge fund has had an annual return of 28 percent.SahmAdrangi founded Kerrisdale in the year 2009 with less than a million dollars. As at July 2017, the company managed a total of $150 million. He sits as the chief executive officer of the firm. He is knowledgeable about stocks and readily shares this knowledge in the social media especially on his Facebook account.In the year 2010 and 2011, SahmAdrangi created a name for himself when he exposed several Chinese companies that were fraudulent namely China Marine Food Chain, Lihua International, China-Biotics among others. He shares his research on various companies. Of late, his focus has been on the biotechnology sector as well as the mining industry. Besides publishing his research, SahmAdrangi is an investor. He has invested in Lindsay Corporation management. SahmAdrangi is a holder of a bachelor of arts in economics which he earned from Yale University.