Friday, 29 August 2014
Last updated 14 hours ago
Sep 2 2009 | 12:55pm ET
Investors in Och-Ziff Capital Management’s flagship hedge fund can rejoice: The fund has nearly recouped its losses from last year.
The OZ Master Fund returned 1.42% last month, leaving it up 17.06% through the first eight months of the year. That’s just fractions of a percentage point from returning to its high-water mark after losing 15.9% last year.
That’s certainly good news for the $21.7 billion New York hedge fund, and even better news for its investors. That’s because Och-Ziff’s policy is to reimpose performance fees a year after suffering annual losses, whether or not those losses have been made up. At this rate, OZ Master may begin charging incentive fees before the year is out.
Investors in Och-Ziff’s other hedge funds are not so lucky. Its OZ Asia Master Fund is up a strong 24.23% through August, but lost 30.9% last year. The firm’s Europe fund is up just 11.78% this year after dropping 17.4% last year, and its OZ Global Special Investments Master Fund has returned only 5.59% after losing 8.3% in 2008.
Still, investors seem buoyed by the firm’s performance: Och-Ziff said its assets under management rose $200 million in August, both through strong returns and new inflows.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...