Tuesday, 21 October 2014
Last updated 5 hours ago
Nov 5 2013 | 10:09am ET
Och-Ziff Capital Management's third-quarter profit more than doubled on strong performances from its major hedge funds.
The New York-based firm said its distributable earnings jumped to $130.3 million, easily topping analysts' estimates. Three of Och-Ziff's hedge funds are up double-digits this year, pushing its incentive-fee income up nine-fold on the quarter to $72.3 million.
Och-Ziff also said its assets under management rose to a new record in the quarter, at $37.8 billion, 21% higher than at the end of the third quarter of last year. And it broke that record on Friday, when inflows pushed its asset level to $38.5 billion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...