Thursday, 28 May 2015
Last updated 53 min ago
Apr 7 2011 | 10:30am ET
Former Sac Capital money manager Ping Jiang is producing solid results so far this year. The Ping Exceptional Value Fund gained 3.86% in March bringing its year-to-date results to 10.82%, according to figures obtained by Dealbreaker.com.
The Exceptional Value Fund, which had $155 million in assets under management as of Dec. 2010, returned 105% last year and 193% in 2009.
The global macro hedge fund was launched in April of 2008 with approximately $15 million in assets under management. Ping, along with his former Sac colleagues and co-founders of Ping Capital--Ambrose Paxson and Justin Jiang--focus on emerging markets, specifically Asia and Latin America.
In January, 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 partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…