Sunday, 22nd November 2009

 

4 November 2009 - Press Briefing

Och-Ziff reduces cash holdings to boost portfolio risk

Och-Ziff Capital Management has boosted its exposure to structured credit products from 10% of its $22.6bn (€15.3bn) portfolio in the last quarter to almost 14%, highlighting an increase in the hedge-fund giant’s risk appetite, according to a report in the Financial Times.

Moreover, the group has reduced its cash holdings, from nearly 16% of the firm’s assets last quarter to 9%.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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