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From Komfie Manalo, Opalesque Asia:
Global institutional asset manager Och-Ziff Capital Management Group LLC announced its May performance on Wednesday.
The OZ Master Fund saw a performance drop of -1.69% (+1.88% YTD). The Europe focused fund dropped -2.50% (+2.45% YTD), the Asia fund fell -2.88% (+3.17% YTD) and the Global Special Investments Fund fell -1.39% (+3.51% YTD).
As of June 1 firm assets under management are $25.6bn, down from the beginning of the month (when assets were at $26bn) . In 2010 the firm has been one beneficiaries of a pickup in allocations from investors in the first quarter, an increase largely seen in the biggest, established hedge fund firms.
"Based on our dialogue with fund investors, we expect this trend to continue, and as a result we should experience additional growth in assets under management over time. Fund investors continue to indicate strong interest in Och-Ziff, and we remain confident that they view us as a manager of choice," Och said when discussing the first quarter allocations earlier this year.
While across the board, hedge funds struggled during the month of May as markets dropped largely in response to debt crisis in Greece, Och Ziff's capital protection was recognized by industry analysts.
"While negative, we believe Och-Ziff's monthly fund performance was better than expected, particularly when considering the S&P's -8.0...................... To view our full article Click here
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