Hugely Successful Kerrisdale Offers Offshore Fund

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...