Och-Ziff Funds, Assets Slip In June

Jul 2 2010 | 11:26am ET

For the second straight month, Och-Ziff Capital Management got a little smaller as its main hedge funds posted declines in June.

The New York-based hedge fund giant said its assets under management slipped $300 million last month to $25.3 billion.

Not coincidentally, two of its main hedge funds found themselves in the red for a second straight month, as well. Its flagship OZ Master Fund dropped 0.5% in June and its Europe fund lost 0.9%. Both its Asia and Global Special Investments funds added 0.3% on the month. All four ended the first half in positive territory.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…