For portfolio managers, learning new ways of overcoming challenges such as unreasonable risks and navigating market complexities can be the difference between increasing return on investment and watching your investment go down the drain. Therefore, conferences organized and headlined by successful entrepreneurs and financial experts always come in handy. This is because they offer a unique opportunity not only to network but also to learn of new tricks to avoid pitfalls that are inherent in the financial markets and investment industry. One such conference was organized on May 3, 2018, at the New York Athletic Club. Organized by Kase Learning founded by successful investor Whitney Tilson, the conference focused on short selling and was headlined by some of the leading financial minds in the industry including Kerrisdale Capital’s founder and chief investment officer, Sahm Adrangi.
After Mr. Tilson’s opening address, Sahm Adrangi delivered the first keynote speech of the morning session to the full-day conference attendees. He focused on ad fraud in short selling. The focus of his quality speech was particularly dear to Sahm Adrangi; an investment banker well-known for his detailed researches and exposes on short selling ad frauds committed by Chinese companies. While addressing the sizeable crowd gathered at the iconic club, Adrangi used his experience and knowledge to enlighten the attendees on how ad fraud affects the market. He also noted that the key to avoiding falling victim fraudulent shorting ads is to carry out due diligence before making an investment decision.
According to Sahm Adrangi, investors and portfolio managers can detect ad frauds by monitoring the trends of a company’s stocks. This is because they usually come before a company’s stock value declines. It is by watching such trends in the company’s shares that Adrangi successful built Kerrisdale Capital into an investment empire with assets valued at $150 million up from $1 million when it was founded. Other keynote speakers at the well-timed event included Greenlight Capital founder David Einhorn, Glaucus Research Group’s Soren Aandahl and Project M Group’s Enrique Abeyta Ubillos among others. The single-day event covered numerous topics around short selling as an investment avenue.