Och-Ziff Capital Management Group LLC (OZM:US)

Och-Ziff Capital Management Group LLC News

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  SAC Gains While Greenlight Drops as Hedge Funds Rise 0.5%

  Hedge funds returned 0.5 percent in April, lagging behind global stock markets for the sixth straight month.

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  Electric-Car Maker Coda Files for Bankruptcy to Seek Sale

  Coda Holdings Inc., parent of the electric-car maker backed by billionaire Philip Falcone, filed for bankruptcy and will seek to sell its assets to a group led by a Fortress Investment Group LLC unit for $25 million.

• Dubai Holding’s Private Equity Unit Hires Deloitte Executives

  Dubai International Capital LLC hired five executives from Deloitte & Touche LLP as the private equity firm seeks to increase the value of its investments in companies including Mauser AG and Doncasters Group Ltd.

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  Howard Is Wealthiest U.K. Fund Manager, Times Says

  Alan Howard, co-founder of Brevan Howard Asset Management LLP, saw his personal fortune climb to 1.5 billion pounds ($2.3 billion) during the past year, keeping him at the top of the annual Sunday Times list of the wealthiest U.K. hedge fund managers.

• Cyprus, Argentina, SEC Tick-Size, Bonuses: Compliance

  Cyprus dodged a disorderly default and unprecedented exit from the euro by bowing to demands from creditors to shrink its banking system in exchange for 10 billion euros ($13 billion) of aid.

• Och-Ziff’s European Investing Head Michael Cohen to Leave

  Michael Cohen, head of European investing at Och-Ziff Capital Management Group LLC, plans to step down after 15 years at the $35 billion hedge fund, the firm said today in a regulatory filing.

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  Europe’s Bonus Clampdown Hits Two-Thirds of Fund Managers

  The European Parliament’s vote to cap bonuses in the asset-management industry could affect two- thirds of senior fund managers in the U.K., U.S. funds in Europe and hedge funds open to small investors.

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  Traders Flee Asia Hedge Funds as Job Haven Turns Dead End

  Paul Smith moved from London to Hong Kong to work in Asia’s hedge-fund industry almost 17 years ago, and he rode the boom to its peak. Last year, like other industry veterans, he quit.

• Fortress First-Quarter Profit Falls on Hedge Fund Fees

  Fortress Investment Group LLC, the first publicly traded private-equity and hedge fund manager in the U.S., said first-quarter profit fell 45 percent on lower management fees and incentive income.

• Och-Ziff, Tekfen of Turkey to Sell Joint Unit to Omurga Yapi

  Och-Ziff Capital Management Group LLC, the hedge fund run by Daniel Och, and its Turkish partner Tekfen Holding AS, a construction company, applied to the country’s antitrust regulator to sell their real estate unit.

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