Saturday, 30 August 2014
Last updated 16 hours ago
May 2 2013 | 10:14am ET
Och-Ziff Capital Management's first-quarter profit more than doubled as the firm enjoyed inflows and higher fee income.
The New York-based hedge fund said its distributable earnings were $136.9 million, up from $57.3 million in the year-earlier period. The publicly-listed firm's assets jumped 16% to $35 billion year-on-year, and continued growing into the second quarter, adding a further $600 million in April.
Revenue soared 92% to $270.4 million. Och-Ziff's profit under generally accepted accounting principles, which includes some costs associated with its 2007 initial public offering, rose to $26.1 million, from a $122.7 million loss a year earlier.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...