Kerrisdale Capital Management
Kerrisdale stands in the limelight in a lot of the Chinese busts, and seems to be the authority on Chinese small-caps along with Muddy Waters. Anyone heard of them? Their QoQ profits are unreal. I was wondering how they did their research? Thanks.
Yes their Q1 results were ridiculously good (up ~75%?). I don't know much about them outside of their investor letters. I think a lot of people (including myself) are under the impression that essentially every chinese RTO is a scam. Kerrisdale most likely looks at the financials in addition to the SAIC filings and focuses on the most egregious ones.
If you check out Bronte Capital's blog, John walks through a couple chinese frauds that he's discovered. His analysis is very brief and straight forward. He's not on the ground in China either.
anyone know anything else about them? a bunch of articles about the founder and they're quite active in talking their book. I think they've been trying to hire someone for a year now...just curious if someone knew about their recruiting process.
I have a buddy that mentioned he saw a job opening post for them as well and he applied but never received a response. I think for recruiting purposes they ask that you submit a trade idea or previous research and then do interviews. I believe they have also tried to move into value while also maintaining their activist agenda. Seems like a bit of a chop shop to me but early returns looked impressive (albeit probably lucky)
Muddy Waters is a joke. Carson Block's track record is like 1-9. With the exception of SinoForest he has nothing to point to. His recent hackjob against NQ Mobile is again completely unraveling.
when a fund is on buzzfeed's front page, you can't help but go wtf...
Have you read their analyses? They lay out their research and thought processes quite clearly in their write-ups. I follow them pretty closely.
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