Thu, May 25, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo