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April 03, 2008

Och Ziff Funds report performance losses in 4th Qtr.

Och Ziff Capital Management (ticker: OZM) repoted that all four of its funds experienced losses in the firsdt quarter.  The OZ Master fund, which is the firms flagship fund, is down 0.85% year-to-date while the Europe Master Fund has fallen 1.75% YTD, the Asia Master Fund is down 2.58% YTD, and the Global Special Investments Master Fund declined 0.60% in the same time frame.

This of course comes on the heels of a dismal fourth quarter when the firm announced that assets were down $774 million. 

This morning stock is trading at $20.00 per share which is down roughly 44 cents (-2.15%) from yesterday's close. 

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