SahmAdrangi through Kerrisdale Capital Management raised $100 million meant to shot a stock that would hit the market in May 2016. The co-investment fund by Kerrisdale is unique and enables the firm to profit from betting against a stock. SahmAdrangi and his team published all the insights available on their websites, videos, and reports to encourage investors to join their course. The targeted company was the worth about $10 billion then.
Kerrisdale Capital management has made a name shorting stocks. In the past Kerrisdalehas short stocks of Zafgen, Globalstar, and Sage Therapeutics. Currently, the firm manages assets worth over $ 150 million. So far, the Kerrisdale has realized up to triple digit earnings through stock shorting. Mr. Adrangi, founder and Chief investment officer at the company, has led the company since 2009 when it was a $1 million start-up. Sahm’s objective is to profit through uncovering fraud companies. Through his initiative www.ChineseCompanyAnalyst.com founded in 2010, Sahm highlighted Chinese reverse mergers that entered the North America through listed entities. As more people spoke out about the rot including cooked books, Adrangi dropped his alias and begun publishing through Kerrisdale Capital. The Yale economics graduate raised funds from friends, supporters, and family to boost his enterprise.
In the first year, Kerrisdale raised the alarm on Chinese Education Alliance (CEU) that listed on the Canadian and US stock exchanges through underhand tactics. CEU reported revenues of up to $22 million earned through offering education tutorials to Chinese students. The figure did not add up when compared to similar players in the market plus the CEU website was not fully functional. Using an informant based in China, Sahm collected enough evidence including the revenue statements submitted to the local authorities. He bet 20% of the fund’s capital against CEU and subsequently released Kerrisdale reports through the website. CEU stock had plunged 40%. By the close of the 2012 financial year, Kerrisdale registered 30% and ranked among the top on the Barclays Hedge Fund rankings.
Mr. Adrangi began as a Leveraged finance analyst at Deutsche Bank before moving on to Chanin Capital Partners and later the Longacre Fund Management. He also worked at Globe and Mail in Toronto as a journalist. Apart from being an investment analyst, Sahm is a writer, an activist, and speaker.
Betsy DeVos has lived a very full life of service. Her inspiration and interest in education began early on in her home life. Her mother was a dedicated public school teacher and this inspired Mrs. DeVos very much. She then branched out as a young successful woman and attended college at Calvin College to obtain a Bachelor’s of Arts degree. During her time on campus, Mrs. DeVos became interested in campus politics. After graduation, Betsy DeVos married her husband, Dick. They have four children together. Her children is where her passion and career came together and has benefited many families over the past three decades of service. When her children became school aged, Mrs. DeVos couldn’t help but notice an injustice taking place. Parents were either being forced to send their children to certain schools because of where their homes were located, which a lot of times is based on income as well, or they were being stretched financially to pay higher tuition rates in order to send their children to schools that had better education ratings.
This became painfully apparent after multiple visits to the Potter’s House Christian School. Knowing that she and her husband couldn’t stand by and do nothing, they began to sponsor certain low-income children that attended this school. This was the start of a beautiful partnership that continues on today, over 30 years later, where the DeVos family supports this school in significant amounts.Also, through her own children attending school, Betsy DeVos found herself serving as an in-school mentor for lower income children who were considered at-risk. She served the Grand Rapids, Michigan area for over 15 years in this position. During this time, she started a foundation that was able to provide scholarships to low-income families which would make sending their children to schools of their choice a little easier. Mrs. DeVos also found herself serving on the boards of Children First America and American Education Reforms. Their goal was to help parents expand their children’s educational options.These organizations were able to give vouchers and offer tax credits to make some of these choices more viable.
However, Mrs. DeVos wasn’t satisfied as she knew that this wasn’t reaching the amount of children she wanted to reach across the country.Mrs. DeVos had a solid platform to reach more children as she began serving for six years as the chairman of the Republican Party in Michigan. She also served on multiple other boards and within many other organizations. She served on the board of the Dick and Betsy DeVos Family Foundation and on the board of a company she and her husband started, known as Windquest Group. It is a company that focuses on technology and clean energy sources. Mrs. DeVos served Kids Hope USA, Foundation for Excellence in Education, and became an even bigger advocate for the educational choice movement with each charity she was involved in. In February 2017, Betsy DeVos became the Secretary of Education and now has one of the largest platforms to make a difference for future generations and their quality and freedom of education choices.
Entrepreneur Keith Mann understands the importance of education. This is why he has announced a new scholarship in order to recognize and appreciate students that show a lot of promise in the business world. It is offered once a year and one student is going to be awarded the scholarship each year. In order for a student to gain the scholarship. The student has to fill out an application and write a 1,000 word essay on how the scholarship will help him achieve his goals. Keith Mann is partnering with Uncommon Schools to bring forth this scholarship for people to get the funding they need to take the college courses needed to advance in their career.
Keith Mann’s industry is executive search. He has over 15 years of experience in this industry. Among the areas that he works in is hedge fund compensation an staffing. He has launched the Alternative Investment Practice in 2002 when he has noticed a growing market in the hedge fund industry. With Dynamics Search Partners, Keith Mann deals with the management of the firm on a day by day basis. He works on the industry in various territories such as Asia, United States and Asia. He is also responsible for the filling of more than 200 mandates of clients.
Keith Mann’s scholarship is a contest in which the winner will gain $5,000 towards his college education. This makes it easier for the student to get the needed education for his career. Entrepreneurs are where the innovation starts. It is only fitting that the students that show a desire and interest in starting their own businesses get a chance in doing so. In many cases, launching a successful business takes education in areas such as marketing and networking so that the entrepreneur will have an easier time achieving success.
Without John Goullet the IT sector would not be the way it is today. The entrepreneur is the has brought a number of successful businesses to life. John Goullet started as a humble IT consultant in the mid-1990s. He made a switch to IT staffing in 1994. Thanks to his experience in emerging markets, he set up Info Technologies. The company mission is to make technology easier for Fortune 500 organizations.
The company would later grow into a $30M company. The fame was so fast; Inc Magazine came calling. They were listed among the top 10 companies in the magazine’s list. What followed would be a merger. John’s Info Technologies would team up with Diversant Inc. The company which came from the partnership was called Diversant LLC.John is the Principal.
John is passionate about coming up with new ways for the ever fluid IT niche. Diversant LLC has grown to be an IT staffing and solutions firm. It is one of the many companies that continue to grow in spite of the economy.
The Cofounder of Diversant, Gene has been instrumental to the company. The company mirrors his persona. He was raised in New Jersey. He has an extensive knowledge of IT Staffing and Solutions. Just like his counterpart, his heart burns for good customer service. He has a people driven spirit, and he seeks to help others. Youth groups in his area have a lot to be grateful for. He has spearheaded youth group initiatives.
The Diversant Advisory Board is made of a few more personalities. Among them are senior executives who act as overseers. The board has benefited greatly from letting guidance from executives outside the board. There are industry leaders as well as business leaders. They provide trusted counsel in the areas of planning.
Diversant distinguishes itself from the pack in a number of ways. To start with the recruitment mechanism works. By assessing the capabilities of every worker, it is easier to place them in the right place. To work as a consultant for Diversant opens one to international assignments. Most enjoy long contracts and above average pay.
The company has a talent referral program. The initiative is meant to pull employees to become better. In case one refers the company to a client they did not have, a referral bonus is awarded. Visa Sponsorship and Green Card Sponsorship is an added advantage with the companies’ foreign employees.
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Led By John Goullet, Diversant Provides Innovative Staffing Solutions