Lansdowne Buys 2% Och-Ziff Stake

Jan 15 2008 | 11:39am ET

London-based Lansdowne Partners has taken a small stake in fellow hedge fund Och-Ziff Capital Management.

Lansdowne disclosed a “passive” 2% stake in New York-based Och-Ziff in a statement. Lansdowne favors both financial sector and value-oriented investments, and Och-Ziff, one of the world’s largest hedge fund managers with more than $33 billion in assets under management, fits the bill. And since its initial public offering in November, the firm’s shares have fallen 24%.

Lansdowne is no stranger to minority owners itself: The firm sold a 19% stake to Morgan Stanley in November 2006.

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