Och-Ziff raises $2 billion in 2010 despite flat performance

By Suzy Kenly Waite

Wed Jun 9, 2010

Read more:



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 of...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to Absolute Return subscribers and trialists only.

To continue reading please, take a free trial, subscribe or log in.


Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now