Sahm Adrangi’s company, Kerrisdale Capital, released a unfavorable report on some of the recent findings of the Proteostasis Therapeutics, Inc. company. Proteostasis Therapeutics, Inc. (PTI) is a biopharmaceutical company that works to develop new drugs and test them clinically. PTI’s lead drug in development is called PTI-428. This drug is intended to treat the effects of cystic fibrosis by boosting the messenger RNA and proteins to the CFTR gene that is believed to cause these debilitating effects, effects which are eventually fatal.
In December, PTI released results from a trial that seemed to show the drug was working. The stock market responded to these findings with approximately a 100% jump in the company’s stock prices. The FDA even granted the drug a “breakthrough therapy” designation based on the report. Sahm Adrangi’s firm decided to take a closer look at the results of the trial. The trial seemed to show the effectiveness of the drug when it compared the test group and a placebo/control group. The report released by Sahm Adrangi’s firm, Kerrisdale Capital, said that the the test group didn’t exactly do unusually well, but that rather the control group under-performed. When compared to proper benchmarks, the drug actually had little to no effect. The unbalanced report issued by PTI is Phase 2 of testing. Their Phase 1 report showed much the same that Kerrisdale Capital found: no statistically-proven improvement.
Sahm Adrangi founded Kerrisdale Capital in 2009 and remains its Chief Financial Officer. In the past, his firm has exposed fraudulent findings from several Chinese medical companies. Sahm Adrangi’s reports have to lead to those companies receiving enforcement actions from the Securities and Exchange Commission.
Sahm Adrangi’s report concerning PTI said the company had “little value” and that there was a 70% – 90% downside to purchasing their stock. As seen with other companies in the past, PTI may become subject to enforcement and loss of stock value due to Kerrisdale Capital taking a second look.
In Brazilian investment circles the name Igor Cornelsen is well known. He has a well-earned reputation for providing valuable investment information to people looking to invest in Brazil. Cornelsen has proven he is an investment advisor that understands the nuances of the Brazilian markets. He has also helped to simplify the country’s complex investment laws for both novice and seasoned investors and has helped them to prosper investing in Brazil. He seems to have the magic touch when it comes to picking rising young companies poised to do well both locally and internationally.
Cornelen has an unimpeachable reputation when it comes to the quality of the investment advice he gives. For decades he has been counted on to help investors make money in a complex economic environment and he always comes through. His background as a businessman undoubtedly helps, but he also seems to have an innate ability to be able to identify companies that have all the necessary elements for success. It is something of a gift which he has added to with his hard work and experience. What investors have long appreciated is his willingness to share his insights with them.
But Igor Cornelsen has not only been successful in providing tips and guidance to people investing in local Brazilian markets and companies, his expertise extends to foreign markets as well. Investors have had him work his magic for them in picking investment targets in emerging markets and other types of international investments. It seems that no matter the industry Cornelsen has the ability to provide his clients with the information they need to make the right investment decisions. They see the investment rules he has developed as a major reason for his success.
While no one knows for sure just why Igor Cornelsen is so successful in identifying lucrative investment opportunities, people continue to go to him for investment advice. Now semi-retired, he provides investment advice through the Bainbridge Investment Group. This enables an entirely new group of investors to benefit from the advice and guidance of a man many consider to be Brazil’s best investment advisor.
Keith Mann is a co-founder of Dynamic Search Partners. The company recruits for companies in the financial services industry. In 2002, he started Alternative Investment Practice when he found that the hedge fund business was a rapidly growing market that was under served by the recruiting and search industry. In 2006 he started including the private equity markets in his clientele and he formed Dynamics Search Partners (DSP) in 2009.They are a company dedicated to alternative investment companies. He helps his clients build teams of investment, marketing and internal strategists, as well as new platforms the work from. DSP works with companies in the U.S., Europe and Asia.
In January, 2016 Keith and his wife Keely, announced the Keith and Keely Mann Scholarship for Professional Achievement. It is an award geared towards recognizing the next generation of innovators. Keith and Keely have partnered with Uncommon Schools, in New York City, to make this scholarship available to one graduating senior each year, from one of Uncommon Schools, Brooklyn, New York high schools. It will make sure that they can attend a four-year college.
Students interested in the scholarship are asked to write a 1000 word-essay, explaining how a college degree will help them achieve their future career goals. Keith is interested in helping low-income students, receive their college degrees and achieve success in their professions.
About Keith Mann, he has been in the executive search business for more than 15 years. He uses his expert knowledge in the hedge fund compensation and staffing arena, to help companies grow more rapidly within the industry. He has helped fill over 200 client positions each year, since entering the business. He continues to serve the alternative investment industry with his expertise.
I just decided that I should start investing as much as I could, and that is when I went over to Laidlaw & Company to get help. They have been really great to me, and I am getting such good results even though all I am doing is following simple instructions. I talked to James Ahern and Matthew Eitner on two different occasions, and now I am ready to spend my money in the right places. They suggested that I go for a business investment that would make me part owner of a company they work with, and I started it immediately.
U.S. Federal Court Issues Temporary Restraining Order Against Laidlaw & Company And Its Principals Matthew Eitner And James Ahern
I got invested in this company that was really interesting to me, and I took over a 50% stake in it when it was still young. What happened was that I gave them the money that they needed to keep going, but now I own half a business that is doing really well. I just get the reports from my broker, and then I can see how well they are doing.
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