Ping Capital’s Emerging Markets Fund Emerges Unscathed From Q1

Apr 20 2011 | 1:59pm ET

Ping Capital Management’s second hedge fund has weathered its first few months better than its predecessor.And given that predecessor’s ensuing track record, investors in Ping’s Emerging Markets Macro Fund can only be smiling.

The fund, which launched on Jan. 1, returned 4.8% in its first three months after posting a 2.17% surge in March, Dealbreaker.com reports. Emerging Markets Macro suffered none of the growing pains that afflicted New York-based Ping’s flagship, which lost 34.26% over its first seven months in 2008—a difficult time for hedge funds, to be sure—before returning 193% in 2009 and 105% in 2010.

Ping Capital founder Ping Jiang is still perhaps best-known for some lurid accusations made against him by a former employee at SAC Capital Advisors, where he was a top trader. Andrew Tong sued Jiang and SAC, alleging that Jiang made “violent sexual advances” towards him and forced him to cross-dress and take estrogen pills. Both Jiang and SAC vehemently denied the allegations, which were dismissed by an arbitration panel.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...