Sahm Adrangi's Kerrisdale Partners was up 6.1% for the second quarter, bringing its first-half returns to a commanding 20.6%. The S&P 500 was up 4.3% for the second quarter and 18.5% for the first two quarters, while the Barclay Hedge Fund Index gained 1.4% for the second quarter and 7% for the first six months of the year.
Q2 hedge fund letters, conference, scoops etc
In the firm's second-quarter letter to investors, which was reviewed by ValueWalk, Adrangi said the fund is long
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