Wednesday, 27 August 2014
Last updated 10 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...