Och-Ziff Profit Doubles, Assets Hit Record

Nov 5 2013 | 10:09am ET

Och-Ziff Capital Management's third-quarter profit more than doubled on strong performances from its major hedge funds.

The New York-based firm said its distributable earnings jumped to $130.3 million, easily topping analysts' estimates. Three of Och-Ziff's hedge funds are up double-digits this year, pushing its incentive-fee income up nine-fold on the quarter to $72.3 million.

Och-Ziff also said its assets under management rose to a new record in the quarter, at $37.8 billion, 21% higher than at the end of the third quarter of last year. And it broke that record on Friday, when inflows pushed its asset level to $38.5 billion.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR