OSI Group is a global market leader in the food processing industry. They provide cutting-edge thought-to-plate innovation and technology attracting major food brands across continents. Starting from a small shop in Chicago, they are currently managing 65 facilities in a total of 17 countries. In 2016, OSI Group was recognized as the 58th largest private firm. The food processing giant is currently valued at $6.1 billion. Visit discoverorg.com to learn more about Sheldon Lavin.
Sheldon Lavin is the current CEO and Chairman of OSI Group and has played a crucial role in shaping up the company. For decades Sheldon has been a part of the major decisions of the company. He started his career as a bank executive and in 1970 he got involved with the predecessors of the OSI Group, the Otto& Sons. The food processing company required funds for implementing their major expansion plans. Sheldon Lavin came to the rescue of OSI Group and managed the funds from a bank. For such a good job done, Sheldon was offered a stake in the company which he refused to. Later on, he joined OSI Group as a consultant but his responsibilities were getting bigger in the company. In the year 1975, Otto & Sons were looking out for funding from other countries to resume overseas expansion plans. At this time, OSI Group appointed Sheldon Lavin as a partner.
In the upcoming years, McDonald’s proposed Sheldon Lavin to become the CEO of OSI Industries as they wanted a reliable partner during their breakthrough in the global market. In 2002, Lavin was deserted by his partners and eventually gained the full control of the industry. Due to his vision and perseverance, OSI Foods have incorporated cutting-edge technology at the facilities for storage and manufacturing. With the use of sophisticated and eco-friendly machinery, they are promoting the importance of nature and how to save it. Currently, sustainability is one of the core principles of the company. Sheldon Lavin has been a naturalist and an environmentalist all his career. His visions are reflected on the philanthropic and eco-friendly work they do for the society. To date, OSI Industries has been a recipient of prestigious awards due to its sustainable approaches spread throughout the last few decades.
Learn more: https://companycheck.co.uk/director/914542187/MR-SHELDON-LAVIN/summary
One of the important things that distinguishes hedge funds from regular mutual funds is their ability to short stocks they believe are going to go down in price. However, this practice, although common, is never popular with the executives of the company that is being shorted. That’s because it is an implicit criticism of how badly they are running the company. Short sellers make money only if the stock price goes down. They can lose a lot of money when the shorted stock goes up.
Sahm Adrangi founded the hedge fund Kerrisdale Capital Management, and now serves as its Chief Investment Officer. He put $1 million into it when he launched it in 2009. It has $150 million in assets under management, as of July 2017. Sahm Adrangi looks for undervalued stocks to buy and hold until their prices go up (going “long”) and for overvalued stocks to short and profit from when their prices go down. Kerrisdale Capital is also known for publishing its research.
Adrangi began his career at Deutsche Bank. He financed high-yield and leveraged loans. He also advised creditor committees on bankruptcy and restructuring situations at Chanin Capital Partners. He also spent several years at Longacre, a multibillion dollar hedge fund that specialized distressed debt.
After founding his hedge fund, Sahm Adrangi attracted notice for shorting fraudulent Chinese companies, including China-Biotics, China Marine Food Group, Lihua International and others. Two of his targets, ChinaCast Education Corporation and China Education Alliance became the subject of enforcement actions by the Securities and Exchange Commission. When he shorted those companies, Adrangi made his research public information. Of course, this also helped to drive the share prices of these companies down, which profited him.
Now Sahm Adrangi and Kerrisdale Capital are considered leaders in the field of short activism. He does want to profit by shorting the stocks of overvalued companies, but at the same time, by exposing the company’s faults, he is saving the money of investors who would have paid too much for it when buying. He is also known for using social media to disseminate his findings, while most hedge fund managers prefer to keep their research to themselves, believing that gives them an advantage over other investors.