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Och-Ziff funds gain in June, but assets fall

Reuters – Och-Ziff Capital Management Group, a U.S. hedge fund giant banged up by last year’s market turmoil, said its funds continued their 2009 revival with June gains, although assets under management slipped once again.

The New York firm estimated total assets fell by $800 million in June to $20.7 billion, continuing the contraction of a firm that managed nearly $34 billion last August.

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