Investors have voted to combine the Special Situations fund with the Master Fund.
Lerner Master Fund also claimed that Paige Capital had refused to provide information about where the funds were custodied.
The GreenTech 21st Century Master Fund focused on companies engaged in alternative energy, clean technologies, environmental infrastructure and services, agricultural and natural resources.
The Oz Master Fund posted a 0.69% return in April and a year-to-date return of 4.08%, according to the SEC filing Och-Ziff Capital Management made on Tuesday.
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Apparently his investors are also NOT rushing to the door because his master fund is down 14 percent- instead they are giving him millions more to invest.
Sheila Birnbaum, a New York lawyer appointed as special master of the fund, said recipients will get only 10% of their total award at first because she doesn't know yet how many people will ultimately apply or how severe their illnesses will be.
BP's offer to settle quickly might be a savvy move if Kenneth Feinberg, the special master hired by the Obama administration to oversee the fund, can obtain ironclad releases from the shrimpers, hotel owners and thousands of other people who claim they've lost money because of the spill.
The kid who sold lemonade on the street corner and the teenager who sold t-shirts at high school football games to fund his surfing exploits, Woodman became the master of the quick buck.
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He is the puppet-master, the gatekeeper that anyone who wants to do business with the fund must pass.
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After finishing the last claim, Kenneth Feinberg, the special master appointed by John Ashcroft, the attorney-general, to run the fund, took a five-day, transcontinental rail trip, his first break since the fund began.
If they opt into the government fund, the amount of money they eventually receive would be determined by a "special master" appointed by Attorney General John Ashcroft.
His master limited partnerships were showing 17% aftertax returns, well above the 10% pretax return of his hedge fund.
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