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Och-Ziff’s Stock Tanks After Reporting a Quarterly Net Loss

The firm’s multistrategy assets under management also continue to decline.

Och-Ziff Capital Management continues to suffer redemptions in its signature multistrategy funds.The hedge fund giant said that assets under management by its multistrategy funds declined by $600 million in the second quarter, to $12.7 billion. They are also down $1 billion for the first six months of the year.Altogether, firm-wide

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