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Alternative Market Briefing

Ping Capital up 193% in 2009 unleveraged - how highly skilled, Western-trained Chinese experts build China's future financial powerhouses

Friday, March 05, 2010

From Sagar Chakraverty, Opalesque Asia:

New York-and-Shanghai- based Ping Capital runs the Exceptional Value Fund, a $60m global macro hedge fund focusing on Latin America and Asian emerging markets. It went up a whopping 192.81% in 2009, with double-digit returns in each of the last five months of 2009. Incepted in June 2008, it was down 34.26% that year, and opened 2010 with a 4.96% decline (see here).

In a recent interview with Matthias Knab, head of Opalesque, Ping Capital's founder Dr. Ping Jiang spoke about his experience with SAC Capital, surviving the Lehman trap, how he managed to return 193% (without leverage) in 2009, and investing in Latin America, his area of expertise. He also shared his views on how western-trained and highly qualified Chinese experts are helping to shape China's future economy.

The quest for knowing the real financial world urged this academically brilliant Chinese scholar to shift his focus to finance by studying at Stanford Business School for two years after completing his PhD in chemistry from Princeton University.

The Lehman experience Dr. Jiang joined Lehman Brothers as a researcher. Gradually, he started trading in Mexican peso, which was a rather unusual role given his Chinese background. But, the opportunity came in 1995; the c......................

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