Wednesday, 4 March 2015
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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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…