Being arrested on cocaine and DUI charges in the Hamptons after a head on 3AM collision doesn't help when trying to retain assets under management in a hedge fund. Kerrisdale Capital is a case in point, having experienced significant redemptions after the fund manager was involved in an alleged drug and DUI arrest following a late-night car crash this August.
The prolific short seller, best known for selling Chinese companies suspected of fraud and misrepresentation, had garnered nearly $348 million in assets under management, according to a June 2016 report to investors seen by ValueWalk. Those assets under management are now reduced...
