The Vancouver-raised Sahm Adrangi graduated from Yale University in 2003 with a Bachelor of Arts in Economics. He tried short stints in several newspapers such as taking an internship at the Financial Post but he proved clearly too tentative to be a reporter. In his early 30s he became the hedge-fund manager and became a member of Canadian exclusive club of aggressive short-sellers which aimed Chinese-based companies which were in a list of North American exchanges where he ripped millions during that period.
Before founding his Kerrisdale Capital Management LLC in New York, Sahm Adrangi worked in many institutions as an analyst. They include Longacre management Fund, Restructuring Investment Banking Group, and the Laveraged Investment baking of Deutsche Bank. Experiences and skills acquired from his previous employers enabled his company to quickly build a track record of identifying suspect companies, purchasing substantial short positions in them and going for the kill after gathering enough evidence to prove their fraudulent.
Sahm Adrangi started Kerrisdale with migger funds from his own savings and a support from his parent’s investments and a contribution from a few supporters and friends. Since initiation, he has built a multi-million empire in terms of assets under his management with a staff comprising of six people.
This career of bursting corporate fraud companies started with just a phone call with Mr. John Bird, a retired real estate developer based in Texas who in 2009 had in hand the financial statements of Chinese firms such as the China Sky One medical, a maker of diet patches and hemorrhoid ointments. Numerous communication through phone calls made Adrangi to believe independently what Mr. Bird was telling him, this compelled Adrangi’s short –selling taking off.
Most Chinese companies make the list of Sahm Adrangi’s major targets for scrutiny. Company such as China Education Alliance Inc. had a net worth of $150million in terms of market value on the New York State Exchange but now worth less than $25-million after discovering the company’s fake training centers designed for 1200 students was practically null. Others appearing on the list of scrutiny include China Biotics Inc. dealing with production of nutritional supplements among others.
In conclusion, Sahm Adrangi and his team is determined to pursue legal options in Canada, the United States, and China to recover any potential damages resulting from illegal operations.