Category: Founder

Sahm Adrangi Leads the Speakers at Financial Conference

Spurred by the poor returns of a stubborn bull market and instability from regulatory bodies, Whitney Tilson hosted a conference called “The Art, Pain and Opportunity of Short Selling” in New York on May 3rd through his Kase Learning. Several prominent figures in the short selling industry gave presentations in from of a live crowd at the all day conference.

One speaker was Sahm Adrangi, a key speaker and the first speaker after the opening address by Tilson. The remarks followed a breakfast for attendees.

Sahm Adrangi is head of Kerrisdale Capital, a hedge fund that manages over $150 million is assets. He is respected in the world of finance for his in-depth analysis of financial trends. Sahm Adrangi gained some fame by short selling some fraudulent Chinese companies before most in the market knew what was going on, showcasing his instincts and expertise with this profitable move.

Sahm Adrangi addressed the conference in a presentation entitled “Ad Fraud Opportunities.” It was relevant to the current financial climate as it touched on such topics as the increasing prevalence of ad fraud, ad fraud’s role in determining a companies future value as well as ways to make a profit from ad fraud.

After Sahm Adrangi were speeches and presentations by many other financial luminaries, such as Enrique Abeyta Ubillos of Project M Group, Soren Aandahl of Glaucus Investments, Mark Roberts, David Einhorn, Victoria Hart, Claire Gogel, Jon Gattman and many more. Lunch was served to the attendees, who paid between $2,000 and $4,000 a piece to attend, and there was a reception after the presentations were finished.

The political uncertainty coming from the international oil market was a major topic. With trade sanctions changing from week to week, the price of oil is very uncertain and the industry is seeing a lot more short selling activity as a result. Tesla was also discussed, a company that is extremely shorted and longed in the market due to its massive fluctuations in value.

The conference was a first of its kind for the industry. With its success more similar conferences are expected soon.

https://www.youtube.com/watch?v=1KIJnG8kfW0

Green Sky Credit May Go Public

David Zalik is the billionaire CEO of GreenSky Credit. He founded the company in 2006 and it is headquartered in Atlaustnta, GA. GreenSky is a financial company that gives loans to customers with good credit who wish to do things like home improvement projects and elective surgeries. Customers who wish to apply for the GreenSky Credit opportunities can do so right from their phone and receive an approval within seconds.

David Zalik is an intelligent and young entrepreneur, at only 44 years old. However, he is one leader who doesn’t like to talk to the press. In fact, he tends to decline offers to speak at conferences and he doesn’t like to receive capital that is funded publicly, until recently.

For over ten years, Zalik and GreenSky Credit have not been offered in public trading. By not going public, Zalik can refrain from having to worry about quarterly earnings and investor’s concerns and he can keep his focus on what he needs to grow the company. This is why other companies like Uber and Credit Karma also refuse to go public. Since GreenSky filed confidentially, they still have the option to not go public.

Zalik and GreenSky filed for the IPO in confidence and it is believed that their value is $5 billion and that they can raise over $1 billion. While many financial technology companies, like GreenSky, do not like to work with banks, GreenSky Credit has been operating with banks for years and it works for them. When GreenSky finds and secures a loan with a customer, their name is not on the loan and therefore, are not responsible if the customer defaults. Although GreenSky’s pay depends on how well the loan does, they are given about 1% of the balance for retrieving the customers and the loans. GreenSky has a similar relationship with contractors, but they are given 6% of the loan for the lead.

Other online lending companies who went public did not do so well, losing as much as 85%, but GreenSky’s seamless business plan should be more enticing to investors.

A look into Fortress Investment Group

If you are an investor and been wondering which investment management company to partner with for quality services, then Fortress Investment Group is all you need. Rooted in the New York City, Fortress Investment Group is a leading investment management firm in the United States of America. Its existence in the market traces to 1998 under the leadership of Wesley Edens, Rob Kauffman, and Randal Nardone. The key services it offers to its investors include private equity, traditional asset management, and credit liquid market. Although similar companies take time to grow, this was not the case for this company. After a year of its presence in the market, the firm quickly expanded into real estate investments debt securities and hedge funds under the management of Michael Novogratz. It is because of this growth that the company as of 2016, was able to earn a revenue of $1.1 billion. The net income of Fortress Investment Group in the year 2016 was $ 180 million. Speculations are that this amount will be more if a similar analysis was to be conducted today.

There are various achievements that the company has been able to receive. In 2014 to be precise the company was named the management firm of the year by HFMWeek. It is during this same year that the company was listed as Hedge Fund Manager of the year by Institutional investment. The success of Fortress Investment Group is primarily attributed to its executive and board of directors. However, the employees play a key role in ensuring the company is where it is today. This is because they interact with the clients and offer them the necessary needs they want. The total number of workers the company has hired is about 2500. Meaning, it has helped the United States in battling the issue of unemployment amongst the youth. The good thing is that it employs workers based on academic qualification an experience hence the productivity of the company. Although the company has secured a good position in the market more is expected from the company. It may rise to become a global enabling company in the investment industry.

Wes Edens, Chairman and Founder of Fortress Investment Group

Wes Edens is an American businessperson, private equity investor and the owner of a sports team. He is one of the founders and chairman of Fortress Investment Group, co-owner of Milwaukee Bucks, a National Basketball Association in Milwaukee, Wisconsin. He studied Finance and Business Administration at Oregon State University and graduated in 1984. In 2017, the 45-year-old businessman was ranked 369 on the Forbes Billionaires list and was estimated to be worth $2.5 billion in 2007.

Eden began his financial career in 1987 at Lehman Brothers. He worked as the managing director to 1993. He then moved to BlackRock Asset Investors, a renowned finance company, where he worked as the managing director and partner until 1997. Wes Eden began his career at Fortress Investment Group, which is currently one of the largest alternative asset managers in the world in 1998. He was one of the five chief partners who founded the company. These were Peter Bridger, Randal Nardone, Michaell Edward, Robert Kauffmann and Wes Edens. Today, he is one of the seven key stakeholders of Fortress.

In February 2007, Fortress Investment Group was the first company globally to trade buyouts publicly. By 2009, 80 percent share had already been sold out for $600 million. According to a 2007 article on the Wall Street Journal, Eden’s style of investing was described as very creative, his financing and impressive skills when it came to developing new, yet viable businesses from the investments made from Wes Edens’s company were also commended. As reported by Bizjornals on the New York Times, the businessman’s take-home pay is $54.4 million. At one point, he had 63.3 million stock shares at Fortress.

In January 2017, Wes Edens and the other Fortress founders created FlyQuest, an eSports team which competes at the Championship Series Springleaf. The purchasing of AIG’s American General Finance is attributed to Wes Edens. This made Springleaf Holdings’ value to rise to $3.5 billion by 2015. The $124 million 2010 investment had now increased by 27 percent. In August 2010, Fortress purchased 80% of Springleaf for $125 million. This significantly built the company’s private equity unit.

Learn More: www.wesedens.com/

Sahm Adrangi: Building Wealth from Investments

Sahm Adrangi is a businessman who is known as the founder of Kerrisdale Capital Management LLC, an investment firm that is helping his clients on the right way of investing. He has been trading with the stock market for years, and he believes that it is one of the best ways to earn passive income. Investing in the stock market has risks, but it is suitable for long term investment because as the time passes by, the value of companies, especially the blue chip ones would also climb up. Everyone is encouraged to invest in the stock market because of the positive trend that the experts are seeing. They believe that the economy of the world would continue to rise up, and now is the best time to invest in the stock market. However, one should also realize that there are risks involved when investing in the stock market, especially when someone is investing in a small company which is highly volatile. One has to take precautions and advise from financial experts on where to invest the money.

Kerrisdale Capital Management LLC made news recently because the founder decided to buy stocks from a yet to be unveiled business for $100 million. The decision of the founder of Kerrisdale Capital Management LLC was called upon by experts to be surprising and risky, but the founder believes that he made the right decision. The money was raised through crowd funding, and he asked his clients to give him the money he needed for investment, and promised them that he would be returning the money as soon as the stock rises. The founder of Kerrisdale Capital Management LLC is known for his surprising decisions, and most of the time, he succeed. His business portfolio is also impressive, being able to buy volatile stocks and then selling them for higher prices. His skills in trading high risk investments made him a popular choice with investors who wanted to earn the highest income at the quickest time possible.

The founder of Kerrisdale Capital Management LLC hopes that his decisions would make his business grow. Kerrisdale Capital Management LLC was founded in 2008, and its main purpose is to educate people about their finances and help them become literate with investments.

Learn More: www.kerrisdalecap.com/firm/sahm-adrangi/