NEW YORK Jan 4 Hedge fund firm Och Ziff
Capital Management (OZM.N) said on Tuesday its flagship Master
fund returned 8.44 percent last year, beating the performance
of rival hedge funds on average, but still short of the stock
The New York-based fund, one of the few publicly traded
hedge fund groups, said in a U.S. Securities and Exchange
Commission filing that its funds all saw slight gains in
December and its estimated assets under management remained
about $27.6 billion at the end of December.
Based on the firm's estimates, the Och-Ziff Master fund
finished the year up 8.44 percent, its Europe Master Fund was
up 7.23 percent, the Asia Master Fund climbed 10.09 percent and
the Global Special Investments Master Fund rose 13.2 percent.
The benchmark Standard & Poor's 500 index .SPX finished
the year up 12.78 percent, while the average hedge fês#