Wednesday, 23 July 2014
Last updated 16 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…