Och-Ziff Offers Details On IPO

Daniel Och is willing to part with a slice of his hedge fund, but the founder of Och-Ziff Capital Management won’t be sharing in the decision-making.

In filings with the U.S. Securities and Exchange Commission, New York-based Och-Ziff—with nearly $30 billion in assets the country’s fifth-largest hedge fund manager—offered details of its planned initial public offering.