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.”


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note