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

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.