Saturday, 25 April 2015
Last updated 23 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…