Monday, 28 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…