Tuesday, 29 July 2014
Last updated 15 hours ago
Nov 5 2008 | 3:08am ET
Hours after putting out some good news, Och-Ziff Capital Management came back with a whole slew of bad.
The New York-based hedge fund said its four major funds also posted losses last month, as it shed assets under management. The firm aid its assets stood at $28.3 billion on Nov. 1, down 7.2%.
It also said that its flagship hedge OZ Master Fund lost 6.63% last month, doubling its year-to-date loss, which now stands at 12.04%. Its OZ Asia Master Fund plummeted 11.8% in October (down 26.7% YTD), while its OZ Europe Master Fund shed 5.14% (down 13.13% YTD). Its OZ Global Special Investments Master Fund lost 2.5% (down 5.42% YTD).
Despite the poor performance and decline in assets, Och-Ziff said its management fees rose 13% to $149 million.
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…