Sahm Adrangi, the chief investment officer at Kerrisdale Capital Management, follows two basic strategies when it comes to investing. His main strategy is to invest in companies he sees as having great long-term potential. His other strategy is the polar opposite of this approach. If the research into a company conducted at his firm shows that a company is on thin ice he will short their stock so that his hedge fund profits if the company’s stock value falls. He then reveals his research to others including doing announcements in the press and holding telephone conferences.
There are a few companies that Sahm Adrangi has invested his hedge fund in recently that he sees as having great long-term prospects. One of these is Luxoft Ldg Inc (LXFT) which he recently increased his stake in by 19.27 percent. At the end of 2018’s first quarter, Kerrisdale Capital Management held 734,056 shares in this business which was revealed in a regulatory filing with the SEC. This was up from the end of the fourth quarter of 2017 when his company held 615,456 LXFT shares. He appears to be pretty bullish on this company which is worth $1.3 billion according to its market cap.
On the other side of the equation, Sahm Adrangi is pretty down on the St. Joe Company and is shorting its shares. He says that this real estate development firm owns a huge plot of land in Southern Florida which is totally overvalued given it is remote swampland. St. Joe has a plan to convert this desolate piece of property into one that has both residential and commercial properties on it. However, this plan has been mired in the muck for the past decade and there is no hope for it coming to fruition given the conditions.
Sahm Adrangi started his company in April 2009 after having worked at other hedge funds for a number of years as an analyst. He had worked for Longacre Fund Management, Chanin Capital Partners, and the international banking giant Deutsche Bank. He decided to manage his own hedge fund where he would focus on overhyped companies to short balanced against investing in companies that show long-term value.
Shiraz Boghani is respected in the world of entrepreneurship because of the success he has achieved in Shiraz Boghani’s businesses so far. Although it is not easy to succeed in more than one company, Shiraz Boghani has proved otherwise, and he has ventured into hotel and healthcare businesses which are all thriving. He has been recognized by various organizations and awarded for his outstanding work in business. His healthcare business provides quality services to those who need care.
Shiraz Boghani is not only successful in business, but he is also an excellent accountant. Today he is based in the UK, but his origin is Kenya and immigrated to the UK to study accounting. After completing his accounting course, he was lucky to land jobs in the UK and worked at KPMG as an accountant. They were providing tax advisory to their clients and other financial services. He worked in the financial sector for many years and acquired a lot of experience on how to run a business. He was interested in the healthcare sector at the time because he is an opportunist hence when he saw the healthcare business could be successful in the UK he teamed up with others to start the business.
That is how Sussex healthcare was born, and since then it has been providing healthcare services to people with disabilities and the senior people. Sussex healthcare service has been successful and helped a lot of people to live good lives. The company has achieved such success because of the commitment of leaders to improve the state of healthcare in the country. Shiraz Boghani is always looking for a way to provide the best services to the patients. He also ensures that the company is running smoothly. Today they have expanded to have over ten homes spread in the United Kingdom. The homes are also equipped with quality beds and other facilities.
Shiraz is also in the hospitality business as he runs the Splendid Group. He owns hotels in the UK that provide excellent services, and the hotel business has also been a success thanks to the commitment of Shiraz to ensure success. The ability to run the businesses successfully enabled him to earn recognition from the Asian Business Awards.