Tag Archives: Sahm Adrangi

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.