Sunday, 29 November 2015
Last updated 1 day ago
Jun 3 2011 | 2:04pm ET
Och-Ziff Capital Management said yesterday that assets under management jumped $600 million in May despite flat performance by its flagship hedge fund.
New York-based Och-Ziff said that it managed an estimated $30 billion as of June 1. The growth is almost entirely the result of net inflows, given the performance of its hedge funds.
The OZ Master Fund was flat, standing with a 4.12% return year-to-date, and the firm's other funds' performances appear to have more or less cancelled each other out. Its Europe Master Fund was up 0.24% last month (4.21% year-to-date) and its Global Special Investments Master Fund added 0.49% (6.13% YTD), but its Asia Master Fund lost 1.71% in May (up 0.52% YTD).
The $600 million bump is Och-Ziff largest asset increase in more than two years.
Oct 21 2015 | 10:41am ET
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…