Sat, May 25, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
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

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. Niche Investing in Wine - Champagne: There has been relatively little research in this area as the market is still quite opaque - most of the top Champagne producers still refuse to publish annual production figures, for example. However, the top vintage Champagnes are generally produced in larger volumes than many of their red wine co
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. New Zealand
  2. Aspiring
  3. wine investment
  4. Commodity Strategies
  5. Penrich
  1. ubs
  2. people
  3. Anchorage
  4. pioneer
  5. MS