Wednesday, 20 August 2014
Last updated 7 hours ago
Jun 6 2011 | 3:08pm ET
Add Ping Capital Management to the list of usually sure-footed hedge funds to take a big step back in May.
The New York-based firm, headed by former SAC Capital Advisors trader Ping Jiang, saw its Exceptional Value Fund drop 5.6% last month, Dealbreaker.com reports. The $155 million fund is still up 7.64% on the year.
May was the second losing month for Ping in 2011; the fund had previously returned 7.11% in January, lost 0.59% in February, rose 3.86% in March and added 2.3% in April.
Exceptional Value rose 105% last year and 193% in 2009. The firm launched its second hedge fund, an emerging markets macro fund, in January; it returned 4.8% in the first three months of the year.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note