Saturday, 28 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…