Bloomberg – Daniel Och, founder of $25 billion hedge fund firm Och-Ziff Capital Management Group LLC, looks out from the podium over the crowd of investors and money managers nibbling on chicken salad at Manhattan’s St. Regis hotel and repeats a quip from investor Warren Buffett.
“Only when the tide goes out will we see who’s wearing their bathing suit,” he tells attendees at the lunch, part of a June investor conference organized by New York-based investment bank Keefe, Bruyette & Woods Inc.
