Hedge Funds
Hedge fund manager Och-Ziff Capital Management reported its first-ever quarterly loss on Thursday as asset outflows put severe pressure on fee and incentive income, pushing its share price to a record low. Total revenue fell by 50% to $342.8 million as incentive income collapsed 84% to $69.2 million and management fees fell 11% to $148.6 million. Assets under management fell 4.2% in the quarter from a year earlier and totaled roughly $43.7 billion as of Feb. 1.  The New York-based company lost $36.1 million, or 7 cents a share, in the fourth-quarter, compared with profit of $255.4 million, or 50...