Friday, 22 August 2014
Last updated 2 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note