Och-Ziff Capital’s Daniel Och remains confident
|August 9th, 2010||
|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.”
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