Hedgie Och-Ziff Jumps 1% On Surge In New Money, Fund Performances

08-Jun-2011

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

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By Murray Coleman, Barron’s,

Hedge fund manager Och-Ziff (OZM) is up more than 1% after reporting assets under management surged to $30 billion in May, a jump of $600 million from the previous month.

In its filing, the firm also listed monthly and year-to-date performance for its funds:

  • The OZ Master Fund, which accounts for about 70% of the firm’s assets, was flat in the month but up 4.12% YTD.
  • The OZ Europe Master Fund gained 0.24% in May and ahead by 4.21% in 2011.
  • The OZ Asia Master Fund lost 1.71% in May but remained up 0.52% on the year.
  • The OZ Global Special Investments Master Fund gained 0.49% in May and was up 6.13% through the month for 2011.

The returns on a weighted asset basis translates into the month’s gains coming overwhelmingly from positive net inflows, estimates Jefferies (JEF) analyst Daniel Fannon in a note to clients.

May also represented OZM’s biggest monthly asset jump in more than two years, he added.

Fannon wrote:

“Given the company’s track record of consistent positive risk-adjusted returns, its global brand, and reporting transparency, we believe OZM is well-positioned to gain market share over the next 12 months.”

Citigroup (C) analyst William Katz also praised the results, pointing out that while the Master Fund was flat in May, it continued “its long-standing streak of downside protection during difficult markets.”

He and Fannon both rate OZM as a “buy.” Katz has a $21 a share price target while Fannon has set a $20 target.

Och-Ziff’s stock is trading up 1.3%, or 18 cents, at $14.51 a share.

By contrast, the Financials Select Sector SPDR (XLF) is ahead 0.2%, or 3 cents, at $15.34 a share on Thursday.

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