Kerrisdale Capital Down 12.1% On DISH Short

Sahm Adrangi’s Kerrisdale Capital, which made a name for itself and some impressive returns for investors by shorting US-listed Chinese shell companies and more recently DISH Network, has just informed its investors of its first half performance and it looks as if the firm is struggling to replicate the shining outperformance it's reputation is built on.

Kerrisdale Raises $100 Million To Short Dish Network

According to Kerrisdale’s monthly returns tear sheet, a copy of which has been reviewed by ValueWalk, the fund delivered a net performance of -7.5% to investors in June 2016 bringing year-to-date performance to -12.1% net.

The long book detracted approximately 480 basis points gross and the short book detracted approximately 250 basis points gross in June. At the end of June...