HedgeFundBlogger.com Daily Newsletter by Richard Wilson

HedgeFundBlogger.com Daily Newsletter by Richard Wilson

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Och-Ziff Hedge Funds

Posted: 03 May 2011 10:03 PM PDT

Och-Ziff Hedge Funds

Och-Ziff Funds Attract Capital, Make Small Gains

Investors are giving one hedge fund management firm a big vote of confidence, despite meager gains produced by the firm's big hedge funds. Och-Ziff's bigger hedge funds have been raking in the cash from investors but the hedge funds have only produced relatively small gains.
Billionaire Daniel Och's most important hedge funds continue to eke out relatively small gains in 2011, but that has not stopped investors from flocking to one of the world's biggest hedge fund managers.
Och-Ziff Capital Management has experienced inflows of $400 million in 2011 and the firm is now managing $29.4 billion of assets, according to its first-quarter earnings filing with the Securities & Exchange Commission. But Och's main hedge funds trailed the total return of the Standard & Poor's 500 index, which had a total return of 9.06% in the first four months of 2011.
The Oz Master Fund posted a 0.69% return in April and a year-to-date return of 4.08%, according to the SEC filing Och-Ziff Capital Management made on Tuesday.
The Oz Europe Master Fund returned 0.39% in April and 3.98% so far in 2011; the Oz Asia Master Fund returned 0.89% in April and 2.36% year-to-date; and the Oz Global Special Investments Master Fund returned 0.87% and 5.53% so far in 2011.  Source

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Silver Hedge Funds

Posted: 03 May 2011 09:46 PM PDT

Silver Hedge Funds

Price of Silver Falls, Some Hedge Funds Hurt by Decline

Following up on yesterday's article reporting on how hedge funds remained bullish on silver. Now, hedge funds are feeling the sting as the price of silver has dropped dramatically in the last few days.
Silver was above $50 just a couple of days ago. Not anymore. iShares Silver Trust (SLV) lost nearly $8 per share during the last couple of days. Business Insider listed Charles Davidson's Wexford Capital as one of the biggest holders of SLV at the end of December. Wexford had 841 thousand shares of SLV. They also had call options on 200 thousand shares. The value of their holdings is worth more than $40 Million today. There are other hedge funds with bigger SLV holdings though.

Peter J. Eichler's Alethia Research had more than 4.8 Million shares of SLV. Alethia lost more than $38 Million in just two days. But don't feel sorry for them, they made more than $40 Million since the end of 2010.

Richard Chilton's Chilton Investment Company had more than 3.3 Million shares of SLV. Chilton lost more than $25 Million during the past couple of days.

Finally Jean-Marie Eveillard's First Eagle had 1,350,000 shares of SLV. First Eagle's loss is around $10.8 Million, which is 30% more than Wexford's. Source

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