Thursday, 23 October 2014
Last updated 19 min ago
Jan 3 2008 | 12:02pm ET
Och-Ziff Capital Management’s share price may be sinking, but its assets under management continue to rise.
The New York-based hedge fund giant said today it managed about $33.2 billion on Jan. 1. That represents an increase of more than $3 billion, or 10%, since the end of the third quarter of 2007.
In addition, the firm reported strong performances for its hedge funds, which finished 2007 up double digits. Specifically, the Oz Master Fund, Oz Europe Master Fund, Oz Asia Master Fund and Oz Global Special Investments Master Fund returned 11.65%, 14.87%, 12.25% and 12.22% respectively through December 2007.
The group went public in November 2007, raising more than $1 billion in a listing on the New York Stock Exchange. Since the IPO, its stock price has fallen from $32 to about $26.
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…
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 ...