Wednesday, 1 April 2015
Last updated 1 hour ago
Jul 6 2011 | 5:12pm ET
While many of its peers scuffed about in June, Ping Capital Management enjoyed a bounce-back month.
The New York-based firm, founded by former SAC Capital Advisors trader Ping Jiang, rose 3.47% last month, while the average hedge fund fell about 1.5%. The return pushed the $155 million Exceptional Value Fund up to 11.33% for the first half, Dealbreaker.com reports.
Exceptional Value was up 13.8% through April before dropping 5.6% in May.
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.
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…