West Palm Beach (HedgeCo.Net) – Och-Ziff Capital Management had both good and bad news to give to investors today. <\/p>\n
The New York based hedge fund recorded a monstrous $774.6 million loss in its first earnings report since its launch in November. Managers of the fund blamed this solely on the $3.3 billion in costs it incurred during the reorganization associated with its IPO. <\/p>\n
However, the rest of the earnings report highlighted all the traits of a premier, up and coming hedge fund. Far exceeding analyst’s expectations, distributable earnings came in at $505.5 million, or $1.27 a share, and assets under management were up 48% to $33.4 billion. This resulted in management fees of $135.1 million. <\/p>\n
The firms Oz Master Fund has also posted some good numbers recently, up 11.48% last year in spite of a laggard S & P 500 index. The ability to post returns in spite of market conditions is one of the things that Daniel Och intended to do when he started the company in 1994. <\/p>\n
Och explains, "Our focus on delivering consistent, positive risk-adjusted returns throughout market cycles led to strong absolute net returns in our funds despite extremely volatile market conditions in 2007." <\/p>\n
<\/p>\n
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net]<\/p>\n
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p><\/p>\n","protected":false},"excerpt":{"rendered":" West Palm Beach (HedgeCo.Net) – Och-Ziff Capital Management had both good and bad news to give to investors today. The New York based hedge fund recorded a monstrous $774.6 million loss in its first earnings report since its launch in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7208","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7208"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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