New York (HedgeCo.Net) – After a year when most hedge funds grudgingly reported month after month of losses, Och-Ziff Capital Management was happy to showcase their gains for January in a recent regulatory filing.
The New York-based hedge fund reported positive returns for all four of their funds, sending share prices up and giving investors a jolt of confidence.
The OZ Master Fund saw gains of 3.12 percent while the Asia Master Fund returned 2.49 percent. Also following suit was the Europe Master Fund, which rose 1.05 percent and the Global Special Investments Master Fund which posted returns of 0.84 percent.
Another positive note was the rise in assets under management. Och-Ziff, who once managed nearly $34 billion, took a large hit last year along with many hedge funds. With the economic turmoil and investors pulling out approximately $5 billion in a rush for redemptions, assets under management fell to just over $21 billion in late 2008. According to the filing, that number is steadily climbing, up to $22.3 billion.
Och-Ziff, who unlike most hedge funds is a publically traded company, saw their share prices rally amidst the news. Shares closed yesterday at $5.31, up 3.91 percent.
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