Tuesday, 21 October 2014
Last updated 3 hours ago
Jan 5 2010 | 1:11pm ET
Och-Ziff Capital Management continued its turnaround from a difficult 2008 in December, with all four of its hedge funds posting gains on the month as investors and performance added $700 million to its assets under management.
The New York-based hedge fund giant’s flagship OZ Master Fund added 1.1% last month to end last year up 23%, it said in a Securities and Exchange Commission filing today. The fund has easily recouped its losses from last year, when it dropped 15.9%.
The firm’s other hedge funds, however, remain below their high-water marks. Och-Ziff’s Asia Master Fund rose 1.6% in December and 33.6% on the year, but lost 30.9% in 2008. Its Global Special Investments Master Fund added almost 1% last month and 8.3% last year, but it shed the same amount a year earlier. Finally, the firm’s Europe fund edged up 0.3% in December to finish 2009 up 16.3%, failing to make up its 17.4% drop from 2008.
Still, investors continued to pour money into Och-Ziff’s funds, and the firm’s assets rose for the fifth straight month in December. Och-Ziff now manages $23.5 billion, 6.3% more than it did at the beginning of last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...