Och-Ziff Assets Sink As Hedge Funds Fall

Apr 4 2008 | 2:00am ET

With all of its hedge funds in negative territory this year, Och-Ziff Capital Management’s assets under management have fallen by almost $1 billion.

The New York firm’s assets dropped by $774 million in March, leaving it with $32.8 billion, Financial News reports. Last year, Och-Ziff’s assets soared by almost 50%.

The firm’s flagship fund is down 0.8% this year after a 0.69% decline last month. Its Global Special Investments Master Fund did somewhat better, falling by only 0.45% in March and 0.6% year-to-date. The firm’s Asia Master Fund did quite a bit worse, losing 2.38% last month, leaving it down 2.58% in 2008.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...