Wednesday, 17 September 2014
Last updated 7 hours ago
Aug 2 2012 | 11:43am ET
Och-Ziff Capital Management reported a wider net loss and slightly lower distributable earnings for the second quarter—but things could have been worse.
The hedge fund giant's $67.2 million in distributable earnings, which exclude closts related to its initial public offering, was $500,000 less than the year-earlier period. But it was good enough to top analysts' estimates for what founder Daniel Och called a "difficult and often volatile market."
Och-Ziff's net loss according to generally accepted accounting principles was $116.2 million, up from $93.4 million. The firm's assets were flat year-on-year, but rose by $1 billion to $30.3 billion over the last month.
Och-Ziff also said it would pay a 14 cent dividend. In the first quarter, it paid 10 cents.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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