Tuesday, 23 September 2014
Last updated 13 hours 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.