Thursday, 23 October 2014
Last updated 4 hours ago
Oct 7 2011 | 11:53am ET
Ping Capital's streak of triple-digit performance is now at serious risk.
The New York-based firm, founded by former SAC Capital Advisors trader Ping Jiang, plummeted 19.1% last month, Dealbreaker.com reports. The firm's Exceptional Value Fund is now down 12.63% on the year—it was once up as much as 13.8% this year,
Ping has enjoyed rather exceptional returns over the past two years, rising 193% in 2009 and 105% last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...