Wednesday, 1 October 2014
Last updated 13 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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