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.