Sunday, 21 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.