I'll have to refer to Barron's on this one: In regards to OZM, "few in the history of the asset-management industry have gotten so rich while generating such mediocre performance." And look at this: OZ Master Fund (OZM's flagship hedge fund) has returned 13.9 percent over the past 5 years, compared to the S&P 500's return of 15.5 percent. And these guys actually get away with charging 2 percent management fees, while taking 20 percent of the profits. Like the hedge funds it manages, this company should underperform.
Recs
I'll have to refer to Barron's on this one: In regards to OZM, "few in the history of the asset-management industry have gotten so rich while generating such mediocre performance." And look at this: OZ Master Fund (OZM's flagship hedge fund) has returned 13.9 percent over the past 5 years, compared to the S&P 500's return of 15.5 percent. And these guys actually get away with charging 2 percent management fees, while taking 20 percent of the profits. Like the hedge funds it manages, this company should underperform.