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Och-Ziff Capital pays big bonuses to Traders, Records $88mm Loss
Och-Ziff Capital pays big bonuses to Traders, Records $88mm Loss | ||
| Date: August 5th, 2009 | ||
| Daniel Och’s hedge fund management firm, Och-Ziff Capital Management (NYSE: OZM), surprised investors yesterday when it announced that it had recorded an $88mm quarterly loss. According to the Financial Times, the losses can partially attributed to hefty bonuses the firm rewarded to its top traders. According to the article, the firm’s flagship Och-Ziff Master Fund is up 15.9% through July. The fund has also recently attracted significant inflows. | ||
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