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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