Investors pulled nearly $7 billion from the largest publicly traded hedge-fund firm in the U.S. in the first four months of 2017, the latest sign of investor disillusionment with Wall Street’s most prominent money managers. Och-Ziff Capital Management Group LLC said Tuesday that it received net redemptions of $4.8 billion in the first quarter and $2.1 billion from April 1 to May 1. That follows $8 billion in redemptions during 2016....
Source: Wall Street Journal May 02, 2017 18:33 UTC