Ping Capital Plummets 19% In Sept.

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, 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.

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    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…