Monday, 6 July 2015
Last updated 43 min ago
Feb 4 2011 | 1:43pm ET
Ping Jiang is starting off 2011 the same way he finished 2010, with his maiden fund producing stellar results. The former SAC Capital Advisors money manager saw the Ping Exceptional Value fund post gains of 7.11% in January, according to documents obtained by Dealbreaker.com.
The $155 million vehicle (AUM as of Dec. 2010) returned 105% last year and 193% in 2009. But life hasn’t been all roses for the New York-based firm, which launched its maiden vehicle in June 2008 and promptly lost 34.26% over its first seven months. Those days, however, seem to be long gone, and Jiang’s firm continues to grow.
Last month, Ping Capital Management launched its second vehicle, the Emerging Markets Macro Fund. That fund differs from the firm’s maiden vehicle by targeting a lower volatility and focusing more on short-term trading.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…