Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2012

Profiles - Three emerging hedge fund managers speak to New Managers about their fund: Sahm Adrangi of Kerrisdale Capital Partners; Leon Diamond of Mansard Capital; and Alastair MacLeod of RiverCrest Capital.

How an equity long/short open mandate fund, with a dash of activism, can return almost 200% in a year Sahm Adrangi

Kerrisdale Capital Partners LP is a fundamentally based, value oriented hedge fund - currently featured in Opalesque's Emerging Managers database. The Fund has an open mandate and seeks to benefit over the long term through the purchase and sale of securities trading at meaningful discrepancies to their intrinsic values. Additionally, the Fund looks to exploit market dislocations in uncrowded trades.

And it has done very well. Launched in July 2009, it returned 38% that year, 66% the next year, 198% in 2011, and is up 11% YTD after losing 2% in May. Comparatively, the HFRI Equity Hedge Index posted its largest decline since September 2011, -4.1% in the month, paring its YTD gain to +1.8%, with losses across Growth, Energy and Emerging Markets strategies only partially offset by Short Bias funds, which gained over +7%.

The fund now manages almost $27m, and the firm has grown from $15m to $112m in total AuM over the last year.

According to Sean Donohue, Director of Marketing & IR at Kerrisdale Capital Management, LLC, the New York-based firm goes on the belief that broad markets are relatively efficient over the long-term and that the attractiveness of the risk-reward opportunity in specific asset classes can change dramatically over time as a result of capital market conditions, investor psychology and asset flows. So the firm invests with an Open Mandate.

"To us, this means......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n