Och-Ziff plans new fund, reports quarterly loss

Fri May 2, 2008



Dan Och’s Och-Ziff Capital Management Group announced Wednesday that it plans to launch an emerging markets fund as it tries to attract more capital. The firm also reported a first-quarter loss, largely due to IPO-related costs, and all four of its hedge funds fell over the same period.

The firm’s assets rose 30% year-on-year to reach $33.3 billion at the end of March, but are almost...

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