Thursday, 28 August 2014
Last updated 1 min ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...