Monday, 27 April 2015
Last updated 30 min ago
Jul 5 2011 | 2:20pm ET
A rough June has Och-Ziff Capital Management's bottom line below $30 billion.
The New York-based hedge fund said that performance losses contributed to its assets under management declining $700 million last month to $29.3 billion. But the firm, whose flagship OZ Master Fund fell 0.74% in June, didn't specify how much of the decline came from performance and how much from any net outflows.
While its main hedge fund fell last month—as did most of its peers, according to industry indices—Och-Ziff did have a couple of winners in June. Its Asia Master Fund added 0.84% on the month and its Global Special Investments Fund 0.56%.
Even its two losing hedge funds, OZ Master and Europe Master, the latter of which lost 2.24% in June, are up on the year, something which the average hedge fund cannot claim. The former has returned 3.31% on the year and the latter 1.84%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…