Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.
Sunday, 22 January 2017
Last updated 1 day ago
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.