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Kerrisdale Delivers 19.8% in 2017, Pulls In Net Exposure Levels

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Mark Melin
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Long / short player Kerrisdale Capital is back. Sahm Adrangi’s double down style itself rebounded from a rocky past.  After delivering investors a snooze-worthy -1.9% in 2016, Adrangi’s maestro-like management of the long / short hedging dial was on display with a 19.8% return in 2017, a partner fund document reviewed by ValueWalk shows.

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Kerrisdale portfolio analysis distribution of returns

To some allocators, Kerrisdale's overall volatility represents risk, to others, they are a noncorrelated volatility manager

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.