Ping, RenTech Up In Nov., Tudor Down

Dec 7 2011 | 1:58am ET

November was a markedly mixed month for several high-profile hedge fund managers.

First, the good: Ping Capital Management's exceptional value fund jumped 5.8% in a month that saw most hedge fund managers suffering losses of less than 1%, according to industry indices. The New York-based firm, founded by former SAC Capital Advisors trader Ping Jiang, has posted triple-digit returns in each of the past two years, but would likely settle for break-even in 2011. Its Exceptional Value Fund is down 5.02% through November, Dealbreaker reports.

Renaissance Technologies' Institutional Futures Fund didn't have as good a November as Ping, but it didn't need to: The fund is up 3.38% on the year after adding 0.46% last month.

Finally, the bad and the (really) ugly: Tudor Investment Corp. The hedge fund giant's Tensor Fund is down 10.17% with just one month left in 2011, having compounded its losses with a 1.27% decline last month.

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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…