New York (HedgeCo.Net) – Daniel Och, CEO of New York-based hedge fund Och-Ziff Capital Management, is showing his confidence in his company, racking up another 1.6 million shares. <\/p>\n
Och shelled out about $7 million between November 13 and February 2, at prices ranging from $3.89 to $4.98 a share according to the most recent filing with the Securities and Exchange Commission.<\/p>\n
Och-Ziff, who is one of just a few hedge funds that is traded on the market, went public in November 2007, with their IPO going for $32 a share. The financial turmoil of 2008 caused their stock prices to plummet 80 percent as their hedge funds posted record losses. <\/p>\n
However, gains in January have investors talking about a comeback. The company’s OZ Master Fund posted returns of 3.12 percent while their other three hedge funds also enjoyed positive returns.<\/p>\n
Och-Ziff regularly files performance reports with the U.S. SEC because they are a publically traded company. Most hedge funds are not required to do so. However, a recent push for greater transparency in the troubled industry has caused many individuals in Washington to act. If a proposed plan brought on by two U.S. Senators gets approved, all hedge funds will be required to register with the SEC. <\/p>\n
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net<\/p>\n
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New York (HedgeCo.Net) – Daniel Och, CEO of New York-based hedge fund Och-Ziff Capital Management, is showing his confidence in his company, racking up another 1.6 million shares. Och shelled out about $7 million between November 13 and February 2, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6974,6726,6975,6973,6719,6901,6902,2710,703,6730,6725,6724,6731,4324,6723,6721,6728,6972,6729],"class_list":["post-9803","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-ascii","tag-cambria","tag-div","tag-february-2","tag-font-definitions","tag-font-format","tag-mso","tag-och-ziff-capital","tag-och-ziff-capital-management","tag-orphan","tag-panose","tag-paper-source","tag-props","tag-quot-quot","tag-sans-serif","tag-style-definitions","tag-style-type","tag-theme-font","tag-times-new-roman"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9803","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=9803"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9803\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}