Sunday, 1 February 2015
Last updated 1 day ago
Apr 4 2011 | 1:24pm ET
Two of the very few U.S. hedge funds to publicly report their returns went in different directions last month.
Och-Ziff Capital Management said that all four of its funds posted gains last month, while Greenlight Capital suffered a 2% loss on the month. Third Point, which does not publicly report its returns, also saw gains across the board in March.
Och-Ziff reported in a Securities and Exchange Commission filing that its flagship returned 0.48% last month and is up 3.36% in the first quarter. That was topped by its Global Special Investments fund, which returned 0.59% in March and 4.62% in the quarter. Och-Ziff's Asia and Europe funds returned 0.4% and 0.36%, respectively.
The firm also said its assets under management rose to $29 billion on the month.
New York-based Third Point had an even better month (and is having a much better year). The firm's funds rose between 0.8% and 1.2% in March, Dealbreaker.com reports; its flagship Offshore fund was up 0.9% last month and 8.6% year-to-date, while its Ultra fund added 1.2% on the month and is up 11.7% on the year.
Greenlight, whose returns are reported by reinsurer Greenlight Capital Re, which invests its premiums with the hedge fund, was not so lucky. It suffered a 2% drop in March, and lost 3.4% in the first quarter.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…