AsiaHedge - Ping Capital, the New York-based hedge fund shop, recently set up by former SAC Capital Advisors portfolio manager Ping Jiang, is reportedly looking to raise around $500 million for its first hedge fund.
The fund's investment focus will be on emerging-market bonds, stocks, currencies and commodities. Ping Capital has also opened an office in Shanghai and is understood to have a 16-strong team working out of New York and Shanghai.
