Ping Capital Down 4.8% In August

Sep 8 2011 | 12:58pm ET

Former SAC Capital Advisors trader Ping Jiang wasn't able to duck August's ugliness.

Jiang's New York-based Ping Capital's Exceptional Value Fund lost 4.8% last month, according to The fund is up 8.22% on the year.

Exceptional Value rose 105% last year and 193% in 2009, meaning it will take an impressive four months for Ping to continue its run of triple-digit performance. The firm launched its second hedge fund, an emerging markets macro fund, in January.

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