{"id":7634,"date":"2008-05-01T00:00:00","date_gmt":"2008-05-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"och-ziff-reports-quarterly-net-loss-on-ipo-costs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/och-ziff-reports-quarterly-net-loss-on-ipo-costs.html","title":{"rendered":"Och-Ziff reports quarterly net loss on IPO costs"},"content":{"rendered":"<p>Market Watch &#8211; Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company&#8217;s IPO in November. The New York-based hedge fund firm posted a loss per share of $3.62 for the latest quarter.<\/p>\n<p>Och-Ziff also reports so-called distributable earnings, which measure profit from the company&#8217;s main hedge fund business minus adjusted income taxes. The tax adjustment assumes that all special shares held by management and restricted stock granted to employees were converted to regular class A shares, one for one. Och-Ziff reckons this figure is a more accurate gauge of the company&#8217;s performance.<\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/news\/story\/och-ziff-reports-quarterly-net-loss\/story.aspx?guid={7458D20D-3128-48B2-A0B5-6AA76C3F8FE0}&#038;dist=msr_3\" target=\"_self\">Read Complete Article<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Watch &#8211; Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company&#8217;s IPO in November. The New York-based hedge fund firm posted [&hellip;]<\/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-7634","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7634","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=7634"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7634\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}