Ping Capital Management, Inc.

Ping Capital Management, Inc., a registered investment adviser founded in 2008 by Ping Jiang, specializes in providing advisory services to sophisticated and institutional investors through pooled investment vehicles. The firm focuses on investing in a wide range of securities and financial instruments, both domestic and foreign, with expertise in publicly traded equity, debt instruments, and interest rate products in Latin America, China, Asia, and the United States. As of December 31, 2024, the firm managed approximately $433 million in regulatory assets under management on a discretionary basis for six private investment funds. Clients of the firm, including the Exceptional Value and Emerging Markets Funds, pay a management fee of 0.5% quarterly and a 20% incentive allocation on net profits above a specified threshold. The firm does not participate in wrap fee programs and does not tailor its services to individual client needs. Ping Capital Management exercises investment discretion for its clients, with a focus on long and short positions, event-driven investments, commodities, options, fixed income securities, and leverage. The firm has a Code of Ethics, proxy voting policy, and procedures to address conflicts of interest related to personal trading and client referrals. Clients are provided with regular account reports and have access to the firm's financial information upon request.