Och-Ziff Not Interested In Acquisitions

Aug 4 2010 | 2:50am ET

While many are touting the planned merger of TPG-Axon Capital Management and Montrica Investment Management as a harbinger of hedge fund industry consolidation to come, you can count Och-Ziff Capital Management.

The New York-based hedge fund giant said its growth plan involves attracting more investors, especially institutional investors, rather than via acquisitions.

“Our focus is not on M&A,” firm founder Daniel Och said. “The market share gains are coming from a 16-year record of doing what we do.”

Och-Ziff yesterday reported that its second-quarter loss widened slightly, but that its distributable income—which excludes charges related to its initial public offering three years ago—more than quadrupled. The firm also took in $1 billion in new inflows over the past quarter, and is targeting large institutional investors to keep the flows coming.

“If you asked us over the past 12 months, has there been a lot of that flow? Probably not,” Och said. “If you asked us is that a very, very large opportunity going forward, absolutely. Obviously to receive allocations from the equity allocation that is generally a much larger pool than the pure alternative asset bucket.”


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