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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR