Thursday, 24 July 2014
Last updated 3 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…