Och-Ziff Capital’s Daniel Och remains confident

August 9th, 2010
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Och-Ziff Capital Management Group, Daniel Och’s $25 billion hedge fund firm, has released its second quarter results. The firm reported a $89.4 million GAAP Net Loss and Distributable Earnings of $57 million. The firm also listed the projected year-to-date net returns through July 31 of Och-Ziff’s hedge funds.

Och-Ziff Capital estimated net returns of 2.8% for its flagship OZ Master Fund, 2.6% for the OZ Europe Master Fund, 3.6% for the OZ Asia Master Fund and 5.0% for the OZ Special Investments Master Fund.

Mr. Och, a former Goldman trader and Och-Ziff’s CEO, remains confident for the remainder of 2010 and has already raised $2.2 billion in new investments so far this year. “Despite recent market volatility, we believe the capital allocation cycle is underway and confidence among institutional investors in this sector remains strong.”
For Detailed Investor Profiles on these Investors, click below:
Och-Ziff Capital Management
Related People: Daniel Och; David Windreich; Harold Kelly; Michael Cohen*; Zoltan Varga
Related Entities: Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Ziff Brothers
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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