Strong fund returns not enough to help Och-Ziff stock
Fri Aug 7, 2009
Och-Ziff Capital Management enjoyed strong returns from its
four main hedge funds in the second quarter, but the
firms stock holders arent sharing in that wealth.
The hedge fund firm reported a second-quarter loss of $88.3
million which it attributed to a decrease in management fees
and money set aside for bonuses.
Och-Ziff investors will receive distributable earnings of
three cents a share, half of what analysts had...
ISSN: 2151-1845 / CDC10004H
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