Wednesday, 23 July 2014
Last updated 3 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…