Wednesday, 20 August 2014
Last updated 32 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%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note