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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. 

Posted at 10:08 AM in Stock Market |

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    12 Mo. Target Px: $230
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    12 Mo. Target Px: $175
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    Goldman superstar Abbey Cohen has predicted that the DJIA will see 14700 this year. With that logic and her call in mind, then consider using the 2:1 magnification etf that is based on the Dow's performance.

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