Och-Ziff Capital, Passport Capital and others see large inflows as Hedge Fund Industry Stabilizes
|February 18th, 2010||
|Investors are pouring new money into some hedge funds as the industry stabilizes after record losses in 2008. A recent MarketWatch article states that Och-Ziff Capital Management Group (NYSE: OZM), a hedge fund firm attracting attention from large institutions like pension funds and sovereign-wealth funds, has seen $650 million of inflows already this year. The multi-strategy hedge fund manager, which is run by Daniel Och, also received over $300 million from investors during the fourth quarter of 2009.|
San-Francisco based hedge fund Passport Capital, which is run by John Burbank, saw inflows of $124 million last December and $361 million this January, increasing its total assets under management to $2.7 billion. According to Peter Laurelli, vice president of HedgeFund.net, early estimates indicate about $4.5 billion in net inflows for the industry in January.
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