Och-Ziff Capital Management Reports $700 Million Decline in Asset Base
|July 6th, 2011||
|In a recent SEC filing, publicly-traded hedge fund Och-Ziff Capital Management LLC stated that assets under management fell 0.74 percent. The Wall Street Journal reports that assets at Och-Ziff Capital Management LLC decreased by $700 million to $29.3 billion as of July 1.|
Och-Ziff Capital Management did not disclose how much of the loss was attributable to investor redemptions versus performance-related losses. Of its various funds, the OZ Master Fund gained 3.31 percent and its Europe Master Fund gained 1.84 percent, year-to-date.
Jittery markets and a sharp drop in commodity prices drove down hedge fund performance, with the HFRX Global Hedge Fund Index down 1.59 percent in June 2011.
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