Och-Ziff Capital Management Reports $700 Million Decline in Asset Base

July 6th, 2011
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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.
For Detailed Investor Profiles on these Investors, click below:
Och-Ziff Capital Management
Related People: Daniel Och; David Windreich; Harold Kelly; Michael Cohen*; Zoltan Varga
Related Entities: Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Ziff Brothers
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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