Och-Ziff Earnings Jump 139%

May 2 2013 | 10:14am ET

Och-Ziff Capital Management's first-quarter profit more than doubled as the firm enjoyed inflows and higher fee income.

The New York-based hedge fund said its distributable earnings were $136.9 million, up from $57.3 million in the year-earlier period. The publicly-listed firm's assets jumped 16% to $35 billion year-on-year, and continued growing into the second quarter, adding a further $600 million in April.

Revenue soared 92% to $270.4 million. Och-Ziff's profit under generally accepted accounting principles, which includes some costs associated with its 2007 initial public offering, rose to $26.1 million, from a $122.7 million loss a year earlier.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note