Thursday, 21 August 2014
Last updated 46 sec ago
Nov 11 2011 | 11:19am ET
Hedge fund Kerrisdale Advisers has taken its flagship offshore.
The New York-based fund launched Kerrisdale Partners Offshore earlier this month, HFMWeek reports. Kerrisdale was pushed to create the offshore version by non-U.S. and tax-exempt investors, no surprise given that the fund has soared 157% this year, following its 66% return last year.
The firm's flagship is a concentrated, opportunistic long/short equity strategy, with between half and 75% of its portfolio invested in just 10 to 15 names. Recently, Kerrisdale, which was founded by former Longacre Fund Management analyst Sahm Adrangi two years ago, has been seeking to expose fraudulent Chinese companies.
The offshore fund was seeded with $6.5 million from a fund of hedge funds.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note