Forbes – Billionaire hedge fund manager Dan Och has not been impressing Wall Street with fantastic returns in recent years, but he has been excelling at another key aspect of the hedge fund game: raising money from outside investors. Depending on how one views the assets of the largest hedge fund firms, an argument can be made that Och is now the world’s second-biggest hedge fund manager.
Och’s publicly-traded hedge fund firm, Och-Ziff Capital Management, said on Tuesday that at the end of June it managed $45.9 billion. That’s an increase in assets under management of 25%, or $9.3 billion, in the last year. When it comes to fundraising, Och has been on fire. His firm experienced capital net inflows of $5.9 billion in the last 12 months ending June 30. Not all of that has been in hedge fund assets: $1.9 billion is related to CLOs and $1.2 billion is related to a real estate fund. Still, Och’s flagship hedge fund has seen its assets rise by 19% in the last year and experienced net inflows in 2014 of $1.5 billion. The firm said it managed $45.7 billion at the start of August.
