Kerrisdale's Adrangi Facing DUI Charge After Hamptons Accident

Aug 16 2016 | 12:33am ET

Kerrisdale Capital’s Sahm Adrangi was arrested on suspicion of impaired driving after an accident in the Hamptons over the weekend, according to Reuters. 

Adrangi founded Kerrisdale in 2009 and quickly became known for large bets against Chinese companies as part of a socially sophisticated short-activist approach. He reportedly began his career in the leveraged finance department of Deutsche Bank, according to a CNBC article citing the fund’s website, and did a stint as an analyst at distressed debt specialist Longacre Management.

Adrangi’s 2015 BMW convertible reportedly collided with a SUV in the early morning hours of August 13 on Montauk Highway in Amagansett, NY. Adrangi was uninjured and released from custody after posting bail. The SUV driver was taken to the hospital, noted Reuters, although the extent of any injuries was not immediately available.

Adrangi declined to comment on Monday, Reuters added. His firm manages approximately $350 million for high net worth investors. Despite strong returns last year, the fund is down around 8% so far in 2016, hampered by an as-yet incorrect bet against telecommunications giant Dish Network. 

If carried through to the end of the year, it would be Kerrisdale’s first annual loss. 

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