Comeback Kid Delivers At Kerrisdale Capital, Goes Long MOMO

Sahm Adrangi is one of those hedge fund managers with a unique approach. In some ways, the New York City-based manager of Kerrisdale Capital Management likes to partake in social activities in the Hamptons that can extend late into the night. Not much different from many managers given his single, wealthy and testosterone-laden demographic. Where Adrangi is slightly different is that he had a rough patch and an incident that resulted in investor assets fleeing. But it didn’t change Adrangi’s focus and determination. In fact, after the incident he came back stronger than ever, leaving poor performance behind him. And those that stuck with him were rewarded, particularly in the fourth quarter, a letter to investors reviewed...