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’Och Ziff benefits from bank woes
Managers of some of the world’s top hedge funds say they are benefiting from sharply reduced competition from the once-mighty proprietary trading desks of the same investment banks they used for financing – which earlier in the decade were taking similar trading positions as their hedge fund clients.
Och-Ziff makes $50m profit
Och-Ziff, the hedge fund manager that went public in 2007, made a Q1 net profit of $50m on the strength of a 30% rise in assets under management. The group last November had the biggest ever hedge fund IPO,
Och-Ziff guns for The Lone Ranger
Och-Ziff, the hedge fund, is in takeover talks with Entertainment Rights, the owner of Postman Pat, Rupert Bear and The Lone Ranger, reports The Times. The US hedge fund is among various parties believed to have shown interest in the embattled intellectual property group.
Och-Ziff falters on stock market debut
Shares in Och-Ziff Capital Management, one of the world’s largest hedge fund groups, fell more than 4% on their New York trading debut, suggesting waning investor enthusiasm for publicly traded alternative asset managers in the wake of the credit squeeze.
Och IPO nets Daniel a cool billion
Back when Blackstone floated in June, Steven Schwarzman netted $684m. Peanuts.
For a while Daniel Och looked like he’d come in just under that for the flotation of his hedge fund Och-Ziff Capital. The New York Times estimated he’d make $598m.
Finance ever flatter – Dubai bags chunk of Och-Ziff
The politicians and press of developed nations may have qualms about the growing power of sovereign wealth funds and state-backed vehicles from emerging markets in international finance. But the world of alternative investing has no such concerns.
Relative values: private equity vs hedge funds
Hedge funds and private equity have one big thing in common, says Lex. Both charge whopping fees — typically 2 per cent of assets under management and 20 per cent of investment profits. Otherwise, the differences are huge.
Och-Ziff files for IPO
Och-Ziff Capital Management, one of the world’s biggest hedge fund groups, on Monday brushed aside concerns about tax status and valuations of alternative asset managers by filing for an IPO that could value it at as much $20bn.
Here comes the next right-lite offering…
There’s a sickening inevitability about it. Despite the credit crunch; despite the ailing after-market in Blackstone shares; and despite the 30-odd pages of risk factors that it involves – the latest alt-investment IPO is on its way.
Peacocks checks out a sale
The owners of Peacocks are secretly lining up plans for a sale or refinancing that could put an £800m price-tag on the British fashion chain less than 18 months after it was taken private in a £404m MBO backed by hedge funds,