Sahm Adrangi's Kerrisdale Capital 4Q 2011 Letter

(via www.distressed-debt-investing.com)

A few years ago, I introduced readers to Sahm Adrangi who, in 2009, launched Kerrisdale Capital. Sahm found an incredibly lucrative niche: being one of the first fund investors to aggressively short Chinese frauds, a strategy that has produced a whopping 588% net return to investors since...

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