Saturday, 25 April 2015
Last updated 14 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…