Sunday, 29 March 2015
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.
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…