Och-Ziff raises $2 billion in 2010 despite flat performance
By Suzy Kenly Waite
Wed Jun 9, 2010
The wizard of OZ conjures up a powerful display of marketing prowess.
Och-Ziff Capital Management Group has raised $2.3 billion in
the first six months of 2010 despite flat performance across
all of its funds. As of June 1, Daniel Och's firm managed $25.6
billion, up from $23.5 billion on January 1.
Investors have crowded into the firm every month this year.
October 2009 was the last time Och-Ziff suffered redemptions,
when investors took out $200 million.
On June 1, Och-Ziff was able to raise $200 million, despite
losing $600 million due to poor performance in May. All
ISSN: 2151-1845 / CDC10004H
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