Strong fund returns not enough to help Och-Ziff stock

Fri Aug 7, 2009

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Och-Ziff Capital Management enjoyed strong returns from its four main hedge funds in the second quarter, but the firm’s stock holders aren’t 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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