Och-Ziff Has First Inflows in Two Years
- Hedge fund collected $381 million in client cash in quarter
- Withdrawals in flapship offset by inflows to credit strategies
Dan Och
Photographer: Adrian Moser/Bloomberg
This article is for subscribers only.
Och-Ziff Capital Management Group LLC is finally bringing investors back into the fold after suffering eight straight quarters of outflows.
The hedge fund firm, founded by billionaire Dan Och, lured $381 million in client cash in the first three months of this year, marking the first quarter of net inflows since 2015, the company said in a statement Wednesday. While Och-Ziff’s flagship multistrategy fund continued to have withdrawals, losing about $552 million, they were offset by $1 billion of inflows to the firm’s Institutional Credit Strategies from newly-issued collateralized loan obligations.