Och-Ziff to Self-Fund New Hedge Fund Offerings
|June 9th, 2009||
|Och-Ziff has announced that it will use its own capital to seed as many as two new funds. According to HedgeWeek, this unusual move is part of Och-Ziff’s strategy to encourage client confidence and raise capital after the firm lost nearly one third of its assets during 2008 when pension funds, endowments and high net worth individuals fled the firm as a result of the economic crisis.
The first planned portfolio will be a mortgage fund followed by the possible launch of an energy-focused fund.
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Related People: Daniel Och;
Related Entities: Och-Ziff Capital Structure Arbitrage;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings
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