Wednesday, 1 April 2015
Last updated 8 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…