Och-Ziff plans new fund, reports quarterly loss


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 unchanged from December 31 when the firm reported $33.4 billion in assets. “We remain confident in our ability to grow assets under management, and we are making consistent progress toward achieving our growth