Saturday, 28 March 2015
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.
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…