UPDATE 1 – Och-Ziff reports loss, sets aside bonuses
Tuesday, August 4, 2009 : PermalinkCNN Money – Hedge fund firm Och-Ziff Capital Management Group reported a wider second-quarter net loss Tuesday and lower-than-expected distributable earnings, a number analysts look at closely.
The New York-based firm, one of only a small number of publicly traded hedge fund firms, said its net loss grew to $88.3 million, or $1.15 per diluted Class A share because it earned less in management fees as assets under management shrunk. A year ago, Och-Ziff earned $60.8 million, or 82 cents per share.
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assets-under-management, cnn, cnn money, earnings, hedge fund, management fees, och ziff capital management group, och-ziff-capital, och-ziff-capital-management
