Tag Archives: och ziff capital management group


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 […]

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 […]

Och Stores Up Cash as Funds Brace for Stock Losses

Bloomberg – Daniel Och had about 35 percent of his $20 billion of hedge-fund assets in cash during the first quarter because he suspects global stock markets will start falling again. “The world will not just bounce back to where […]

Buyout, Hedge-Fund Managers Could Pay $24 Billion More in Taxes

Bloomberg – Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if President Barack Obama gets his way. Obama’s 2010 budget proposal, released today, proposes raising taxes on the managers […]

GLG, Och-Ziff Earnings Slump on Hedge Fund Losses

Bloomberg – GLG Partners Inc., the hedge-fund firm founded as a unit of Lehman Brothers Holdings Inc., and Och- Ziff Capital Management Group LLC reported lower fourth-quarter profits as their funds posted losses. GLG’s profit excluding acquisition costs dropped 78 percent […]

Investors joining hedge fund club get burned

Reuters – Two years ago, investors scrambled to snap up shares in elite hedge fund firms, eager for a piece of the lucrative action. What they got instead were big losses. Starting in early 2007, when hedge fund and private equity […]