Ex-SAC Trader Doubles Investor Money In ‘10

Jan 10 2011 | 4:34am ET

Things could not have started out worse for Ping Capital Management. But, despite the inauspicious start, things could hardly have gone much better.

The New York-based firm debuted two-and-a-half years ago under an ugly cloud: A sexual harassment lawsuit against founder Ping Jiang, a former SAC Capital Advisors fund manager, accusing him of making “violent sexual advances” towards an underling. And the fund did little to give investors something better to talk about, losing 34.26% in 2008.

But the $155 million firm nearly tripled investors’ money in 2009, and has secured its second-straight year of triple digit returns in 2010.

The Ping Exceptional Value Fund added 105% last year, Dealbreaker.com reports. The fund was up 1.5% in December.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note