Och-Ziff Profit, Assets Soar

May 4 2010 | 12:22pm ET

By just about every metric, the first quarter was very kind to Och-Ziff Capital Management.

The New York-based firm’s profit soared 81%, its assets under management continued to rise and its hedge funds extended their winning streak during the first three months of the year. The firm’s distributable profit jumped to $49.2 million, up from $27.2 million a year earlier, although if costs associated with the firm’s 2007 initial public offering are factored in, Och-Ziff was actually in the red in the first quarter.

Assets under management rose by 25% year-on-year to $25.3% as of April 1, the firm said, adding that it has taken in another $700 million over the last month.

“We are now seeing that the capital inflow cycle for the hedge fund industry is under way and that we have been a leading beneficiary of these inflows,” firm founder Daniel Och said.

The firm’s year-long run of strong performance certainly doesn’t hurt, with all but one of its hedge funds posting stronger-than-average returns in the first quarter.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note