Friday, 25 July 2014
Last updated 35 min 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.
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…