After a recent publication, a former bond trader turned hedge fund credit analyst from Wall Street reached out to talk about a particular company, GNC Holdings Inc. He agreed to share insights into his 12-year career on Wall Street until he retired. Having graduated from Pennsylvania State University, SahmAdrangi employed his social skills and hard work until he landed an internship at Merrill Lynch Wealth Management company. His hard word was resilient, and he spent the next three years at the bond desk trading credit. After his tenure at Merrill Lynch, he landed a credit trading job at Longacre, a $3 billion hedge fund.
It was at Longacre that he crossed paths with Adrangi, founder of the Kerrisdale Capital. He later worked in Paulson & Co.’s credit team, where he was able to make over $6 billion. He then moved to Bowery Investment Management as Credit PM. He finally decided to retire from the fast pace of New York lifestyle in 2015.
As founder and Chief Investment Officer of Kerrisdale Capital Management, Mr. Adrangi has been actively involved in every development stage of the firm since founding it in 2009. He spent less than $1 million to set it up, and currently, it is responsible for over $150 million. Before starting the firm, Mr. Adrangi worked at Longacre Fund Management as an investment analyst. At the position, he was in charge of conducting investment studies and analysis for both the equity and credit funds. Before his position at Longacre, he worked at Chanin Capital Partners, where he was in charge of educating creditors in out-of-court and bankruptcy restructurings. He holds a degree of Bachelor of Arts in Economics which he earned at the Yale University.
Mr. Adrangi’s firm shares research with several firms and industries, and in recent years the company has focused a lot on the biotechnology sector, in which it has amassed a lot of expertise. And apart from publishing his explorations, he has also built a reputation as an activist in several investment deals. He has been invited as a speaker to several events and has featured in high ranking publications like the New York Times and Washington Post.