Och-Ziff Capital Management was reminded of the negative side of being a publicly listed company when it reported a fourth quarter net loss this week.
Not surprisingly, as hedge funds are pelted with redemption requests, Och-Ziff’s performance has come under a microscope. Despite the fact that the firm beat analysts’ expectations, investors are worried that ongoing redemptions from its funds could take a toll on the firm’s future earnings.
The firm reported a fourth-quarter loss of $112.2 million, or $1.49 per share, resulting from non-cash expenses tied to reorganization since its November 2007 initial public offering. Earnings also