Wednesday, 30 July 2014
Last updated 9 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…