Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Och-Ziff Had a Profitable 2013

Jan 05, 2014
Jing Chen

It was a good year for billionaire hedge fund manager Daniel Och.

Forbes reported that assets under management in Och’s New York-based hedge fund firm Och-Ziff Capital Management increased to $40.6 billion from $31.9 billion about a year ago. The article added that the jump was attributed to generous performance fees, a decrease in reorganization costs and a boost in investor allocations.

Och-Ziff earned $470.6 million in the first nine months of last year, compared to its $881.9 million loss in the first nine months of 2012. In addition, shares of the firm’s stock increase by more than 55% in 2013.

Och, a former Goldman Sachs trader, explained in a November statement that the goal of Och-Ziff is to consistently “generate strong performance with low volatility.”

Founded in 1994, Och-Ziff has additional offices in London, Hong Kong, Mumbai, Beijing and Dubai.

 

 

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More