{"id":10633,"date":"2009-05-20T00:00:00","date_gmt":"2009-05-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"och-stores-up-cash-as-funds-brace-for-stock-losses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/och-stores-up-cash-as-funds-brace-for-stock-losses.html","title":{"rendered":"Och Stores Up Cash as Funds Brace for Stock Losses"},"content":{"rendered":"<p>Bloomberg &#8211;  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.             <\/p>\n<p>&ldquo;The world will not just bounce back to where it was,&rdquo; Och, the 48-year-old chief executive officer of New York-based Och-Ziff Capital Management Group LLC, wrote last month in a letter to investors, referring to the gain of almost 35 percent in the Standard &amp; Poor&rsquo;s 500 Index since March 9. &ldquo;We continue to believe that economic recovery will be a long process.&rdquo;     <\/p>\n<p>OZ Master, Och-Ziff&rsquo;s biggest hedge fund, rose 6.3 percent this year through April after losing 15.5 percent last year. The S&amp;P 500 fell 3.4 percent in the first four months of 2009 after dropping 38 percent in 2008.     <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20603037&#038;sid=azCMr9GHOI0U&#038;refer=home\" title=\"Read Complete Article\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; 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. &ldquo;The world will not just bounce back to where [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2410,64,5390,5118,4589,4328,1543,2108,1752,11148,4504,5397,2710,703,2100,11183,5611],"class_list":["post-10633","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-bloomberg","tag-chief-executive-officer","tag-economic-recovery","tag-first-quarter","tag-four-months","tag-fund-assets","tag-global-stock-markets","tag-group-llc","tag-hedge-fund","tag-investors","tag-och-ziff-capital-management-group","tag-och-ziff-capital","tag-och-ziff-capital-management","tag-oz","tag-rsquo","tag-s-500"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10633"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10633\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}