Tuesday, 30 September 2014
Last updated 3 hours ago
May 3 2011 | 12:39pm ET
Och-Ziff Capital Management reported a first quarter net loss of $95.5 million for Q1 2011, up from $88.6 million a year earlier, and attributed to charges stemming from its 2007 initial public offering.
The hedge fund manager said higher management fees drove a 33% year-on-year hike in its “distributable earnings” to $65.2 million or 16 cents per Class A share.
Higher management fees and incentive incomes increased 26% to $138.4 million, while assets under management increased to $29.4 billion as of May 1 (compared to $27.6 billion as of January 1).
Och-Ziff also reported estimated year-to-date net returns (through April 30, 2011) of 4.1% for its Master Fund, 4.0% for its Europe Master Fund, 2.4% for its Asia Master Fund and 5.5% for its best performer, the Global Special Investments Master Fund.
"We believe that capital inflows into the hedge fund industry are accelerating as institutional investors seek to increase the proportion of non-correlated strategies in their portfolios," said Daniel Och, chairman and chief executive. "We remain confident that we are viewed as a manager of choice, which we believe positions us to attract a meaningful share of new industry flows."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...