Wednesday, 3 September 2014
Last updated 14 hours ago
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.”
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...