With institutional investors continuing to increase their allocations to hedge funds, Och-Ziff Capital Management has been able to reverse the outflows that had plagued the firm during the latter parts of 2008 and for most of 2009, allowing it to rebuild Read more
Och-Ziff is one of the 10 largest hedge fund firms in the world, with $36.7 billion in AUM at the beginning of August.
Och-Ziff's AUM increased from $5.8 billion at the end of 2002 to $32.6 billion at the end of 2012, reflective of a 19% CAGR over the last 10 calendar years.
While many pension funds, endowments, and other institutional investors initially reduced their allocation to hedge fund managers in the aftermath of the bear market, interest has picked up again over the last couple of years. Read more
While the barriers to entry for the hedge fund industry have increased dramatically since the collapse of the credit and equity markets, the top players in the industry continue to get bigger and stronger (via acquisitions and organic growth).
Och-Ziff's main hedge funds shifted to perpetual high-water marks in 2010, meaning that the firm will not earn performance fees on an investor's assets following negative investment performance until that initial high-water mark is surpassed.
Publicly traded limited partnerships like Och-Ziff generate unique tax issues for investors. Read more
Daniel Och has been calling the shots at Och-Ziff since he founded the firm with Ziff Brothers Investments in 1994. Och honed his skills at Goldman Sachs for more than a decade, working in the risk arbitrage and equity trading operations of the investment Read more
Och-Ziff is an alternative asset manager focused primarily on servicing institutional investors. The firm has four main funds--OZ Master Fund, OZ Europe Master Fund, OZ Read more