{"id":9327,"date":"2008-12-09T00:00:00","date_gmt":"2008-12-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"och-ziff-funds-said-to-have-eliminated-at-least-10-jobs-in-asia","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/och-ziff-funds-said-to-have-eliminated-at-least-10-jobs-in-asia.html","title":{"rendered":"Och-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia"},"content":{"rendered":"<p><span class=\"Apple-style-span\"><\/p>\n<p><span class=\"Apple-style-span\">Bloomberg &#8211; <\/span>Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner&nbsp;Raaj Shah, said two people familiar with the matter.<\/p>\n<p>The cuts made last week, out of a global workforce of about 460, included employees in the firm&rsquo;s credit and distressed- investment units, said the people, who asked not to be identified because the information wasn&rsquo;t publicly announced.<\/p>\n<p>&ldquo;We have made some minor reductions in Asia, and we remain committed to the region,&rdquo; the company said today in an e-mailed statement. Hong Kong-based Shah referred calls to the company.<\/p>\n<p>Citadel Investment Group LLC, the Chicago-based firm run by Kenneth Griffin, and New York-based Ramius LLC have also laid off staff in Asia as hedge funds suffer their biggest annual loss and highest investor withdrawals since at least 1990. The&nbsp;HFRX Global Hedge Fund Index&nbsp;declined 23 percent this year through Dec. 5 amid a global credit squeeze and a more than 40 percent decline in the&nbsp;MSCI World Index.<\/p>\n<p><\/span><span class=\"Apple-style-span\"><strong>Read Complete Article<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner&nbsp;Raaj Shah, said two people familiar with the matter. The cuts made last week, out [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[180,718,929,67,2355,966,702,402,65,480,703,1339,435,924,258],"class_list":["post-9327","post","type-post","status-publish","format-standard","hentry","category-closing-hedge-funds","tag-accountant","tag-arpad","tag-asset-manager","tag-chief-executive","tag-citadel-investment-group","tag-global-funds","tag-indian-stock-market","tag-investment-firm","tag-june-14","tag-leon-cooperman","tag-och-ziff-capital-management","tag-oeh","tag-settlement-system","tag-suspensions","tag-tremont-hedge-fund-index"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9327","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=9327"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9327\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}