Tuesday, 1 December 2015
Last updated 9 hours ago
Jan 15 2008 | 11:39am ET
London-based Lansdowne Partners has taken a small stake in fellow hedge fund Och-Ziff Capital Management.
Lansdowne disclosed a “passive” 2% stake in New York-based Och-Ziff in a statement. Lansdowne favors both financial sector and value-oriented investments, and Och-Ziff, one of the world’s largest hedge fund managers with more than $33 billion in assets under management, fits the bill. And since its initial public offering in November, the firm’s shares have fallen 24%.
Lansdowne is no stranger to minority owners itself: The firm sold a 19% stake to Morgan Stanley in November 2006.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…