West Palm Beach (HedgeCo.Net) – Och-Ziff Capital Management reported that all four of its funds experienced losses in the first quarter, in a filing with the SEC not normally seen by hedge funds.
The OZ Master Fund, which manages more than half of the firms total $33 billion AUM, is down .8% this year. The most stark change came from its Asia Master Fund, down 2.6%. Following is the Europe Master Fund, which experienced a decline of 1.75% and the Global Special Investments Master Fund, down .6%.
This comes after a dismal fourth quarter, when the firm announced that assets were down $774 million, though much of this came from the $3.3 billion in costs in incurred during the IPO and reorganization. Executives then pumped $1.6 billion into the fund after the firm went public in November.
Och-Ziff was founded in 1994, providing alternative investment services for over 700 investors through locations in the US, Europe, and Asia. Their strategies include private equity, real estate, and equity restructuring, investing over half of their portfolio in foreign markets.
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net
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