Being arrested on cocaine and DUI charges in the Hamptons after a head on 3AM collision doesn’t help when trying to retain assets under management in a hedge fund. Kerrisdale Capital is a case in point, having experienced significant redemptions after the fund manager was involved in an alleged drug and DUI arrest following a late-night car crash this August. The prolific short seller, best known for selling Chinese companies suspected of fraud and misrepresentation, had garnered nearly $348 million in assets under management, according to a June 2016 report to investors seen by ValueWalk. Those assets under management are now…
Kerrisdale Capital AUM Down Nearly 50 Percent Since Summer
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.