Och-Ziff Earnings, Fee Income Rise In Q2

Aug 2 2013 | 10:03am ET

Och-Ziff Capital Management posted a 15% jump in second-quarter profit, as performance fee income helped the firm top analysts' estimates.

The New York-based hedge fund had distributable earnings of $77.5 million in the second quarter, up from $67.2 million.  The figures exclude costs related to its initial public offering six years ago.

Revenue rose 16% to $207.8 million from $178.4 million. Incentive income rose 24% to $22.9 million, management fee income 9% to $139.5 million and assets under management to $36.6 billion in the quarter. In the month since, Och-Ziff has added another $100 million to that figure.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of