Hedge Fund News From HedgeCo.Net


UPDATE 1 – Och-Ziff reports loss, sets aside bonuses

CNN 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.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , . Bookmark the permalink.

Comments are closed.