An article titled, “An Ode to Those Who Wander” published on Seeking Alpha website, attracted the attention of a former Wall Street bond trader who turned to be a hedge fund analyst before leaving the frantic pace of the Wall Street for an extended sabbatical. The Penn State graduate joined Merrill Lynch’s credit desk in NYC for his internship. After the internship, he applied the acquired skills at Longacre, a hedge fund valued at $3 billion at that time. During his time at Longacre, he worked with Sahm Adrangi, the founder of Kerrisdale Capital Management. After leaving Longacre, he joined Paulson & Co before later joining Bowery Investment Management. After 12 years working at the Wall Street, he decided to quit.
Regarding GNC, the experienced investor said that its debt is trading poorly because the shareholders are focusing on equity and like having large market capitalization equity. Although GNC is currently rewarding its folks with shares selling at $8 bucks, the firm should be careful in the way they carry out business. History shows some companies, which enjoyed an excellent season like GNC only to collapse months later. For instance, in 1929 the Dow Jones Industrial Index rose to the ceiling in September and crashed a month later during the Great Depression.
Sahm Adrangi in Brief
Sahm Adrangi is the chief investment officer and founder of Kerrisdale Capital Management, a New-York-based investment manager focusing on long-term value investments. Since 2009 when he founded the firm, he has been involved in all aspects of the company’s development. His unmatched investment skills have seen the company grow from a less than $1 million in 2009 to over $150 million-company in 2017. Today, the firm manages over $300 million and shares its investment ideas with the community through its website at www.kerrisdalecap.com.
Sahm Adrangi graduated with a bachelor’s degree in economics from Yale University. Before founding Kerrisdale Capital Management, Adrangi served as an investment analyst at Longacre Fund Management, a private partnership with over $1.2 billion assets under management as of 2008. His responsibility at the firm was investment analysis for both equity and credit fund. He also worked at Chanin Capital Partners, a bankruptcy restructuring group where he was responsible for advising creditors on matters related to out of court bankruptcy restructuring. Before joining Chanin, Sahm Adrangi worked at Deutsche Bank.