A conference that focuses on short selling has been in demand for a long time. The Kase Short Selling Conference gave the attendees what they had been waiting for and more. Among the variety of investment professionals that shared their insight on the industry was Sahm Adrangi, Kerrisdale Capital Management’s Chief Investment Officer. Despite the fact that many people involved with short selling have been having problems picking good picks for their portfolios, Sahm Adrangi has used diligence and research to avoid this.
When choosing companies to short sell, Sahm Adrangi takes an interesting approach as a value investor. Not only do his stock choices create a source of revenue for his business, they also make a difference in society. The businesses that Kerrisdale Capital choose to short generally aren’t just businesses doomed to see a drop in their stock prices, they’re engaging in business practices that are misleading and sometimes participating in fraud
At the Kase Conference, Sahm Adrangi discusses a few of these businesses that have caught his interest in recent years. One of these being QuinStreet, a company that is paid to place advertisements and generates traffic for their clients. While they have recently seen a significant increase in business and traffic to their clients, it’s not likely to be coming from where their clients believe.
It is believed that QuinStreet is one of the many companies that are practicing ad fraud. Through the use of traffic generated from sites like Swagbucks that pay users to click on ads and even completely artificial methods like bots. Clients pay firms like QuinStreet for each click that their advertisements get, but they expect them to be from parties that are interested in their services.
While these less than honest practices may drive up the stock prices of these advertising companies temporarily, Sahm Adrangi is certain that it will come to an end soon as their practices are discovered. While users who get paid for clicking on these links may enjoy the extra few bucks they earn, the businesses that are paying for those clicks are wanting valid traffic to their websites,
Anil Chaturvedi began working for Hinduja Bank in 2011 as its Managing Director and would oversee its corporate advisory division. His effort has spun the bank’s restructuring policies, global image, banking division, acquisition, and attraction of investors. Mr. Chaturvedi attributes his success as a banking executive to his four decades of experience in the commercial, investment, and private banking.
Mr. Anil Chaturvedi joined Meerut University, India in 1970 and graduated with honors in Bachelor of Arts in Economics in 1973. Later on, he entered the Delhi University School of Economics for his MBA in Financial Management. Anil began his career at the State Bank of India as a managerial staff in the Planning and Development department and held this position from 1987 to 1991. Mr. Chaturvedi was responsible for overseeing Hinduja Bank’s marketing strategy and was instrumental in helping the bank reap $500 million worth of revenue within four years. In fact, he was once recognized as Man of the Year for his excellence and service in the banking sector.
Anil Chaturvedi resigned from ANZ Grindlays Bank and joined Hinduja Bank as the head of operations and corporate Vice President in 2011. Besides, Anil was a senior representative of ANZ Grindlays Bank’s US operations. Mr. Chaturvedi was instrumental in helping the bank create a lucrative portfolio until his exit in 1993. Anil Chaturvedi is a native of India but has spent much of his time practicing in New York-based banks.
Mr. Chaturvedi left ANZ Grindlays Bank in 2011 and took over as the Managing Director of Merrill Lynch in the same year. Merrill Lynch is a global banking venture headquartered in New York. Mr. Chaturvedi’s achievements at Merrill Lynch include crafting solutions for private banks in India and creation of personalized investment plans for high-net-worth individuals. He also once served as a top advisor of a prestigious wealth management firm in India. Mr. Chaturvedi has held the position of Hinduja Bank’s Managing Director from 2011 to date. Under his tenure, the bank leveraged its corporate alliances to penetrate international banking markets. Mr. Chaturvedi has spearheaded the bank’s mergers and acquisitions throughout India, the US, and Europe.