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Alternative Market Briefing

Och-Ziff’s master hedge funds drop in May

Tuesday, June 05, 2012

Precy Dumlao, Opalesque Asia: The four 'most significant’ Och-Ziff master hedge funds reported an estimated decline in May but the firm’s assets remained unchanged since April, data released by institutional alternative asset manager Och-Ziff Capital Management Group on Monday showed.

The biggest decline was posted by the OZ Asia Master Fund, Ltd., which suffered-2.17% losses last month (+2.85%), followed by the OZ Europe Master Fund, Ltd., which fell -1.79% (+2.96% YTD), the OZ Global Special Investments Master Fund, L.P., -0.80% (+4.68% YTD), and the OZ Master Fund, Ltd., -0.52% (+4.55% YTD).

However, these losses were minimal compared to the funds’ benchmark, the Standard & Poor's 500 index, which dropped -6.3% drop in May.

The firm also disclosed that its assets under management were estimated at $29.8bn as at end of June 1, 2012. The figure reflects no change in assets under management since May 1, 2012.

Och-Ziff said in its disclosure to investors, "The company's estimate of assets under management is inclusive of performance for the month ended May 31, 2012 and capital flows as of June 1, 2012."

According to a report by MarketWatch.com,the decline in hedge fund performance reflected the investor sentiments in May particularly the heighten......................

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