Monday, 31 August 2015
Last updated 2 days ago
Aug 5 2011 | 12:38pm ET
While many hedge funds stayed down in July, Ping Capital Management continued to build on its double-digit returns for 2011.
The New York-based firm's Exceptional Value Fund added 1.97% last month, its second-straight month in the black while most hedge funds found themselves in the red. Ping, founded by former SAC Capital Advisors trader Ping Jiang, added 3.47% in May.
The fund is now up 13.64% on the year, Dealbreaker.com reports, having all but recovered from its 5.6% May decline, which put a dent in its then -13.8% return through 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…