Monday, 3 August 2015
Last updated 33 min ago
Jul 2 2009 | 12:16pm ET
Och-Ziff Capital Management, which finally reversed the decline in its assets under management in May, gave back almost all of that gain in June.
The New York-based hedge fund giant said that its assets under management fell $800 million to $20.7 billion. The firm had seen its assets rise by $900 million in May after shedding $600 million in the first four months of the year. Och-Ziff investors yanked some $5.5 billion—almost one-fifth of its assets—in December.
On the bright side, the firm’s funds enjoyed positive performance in June. Its flagship OZ Master Fund is up 12% on the year after adding another 2.2% last month. Its European Master Fund is up 6.9% in the first half following a 1.1% June jump, and its Asia Master Fund added 0.7% last month and is up 13% on the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…