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Billionaire Dan Och’s Hedge Fund Firm Is Doing Great As His Funds Trail The Market

Forbes – For billionaire Daniel Och’s hedge fund firm, Och-Ziff Capital Management, 2013 was a pretty good year.  The publicly-traded hedge fund firm saw its assets under management balloon to $40.6 billion from $31.9 billion a year ago.

Helped by rich performance fees, an increase in assets under management, and a decrease in reorganization costs, in the first nine months of 2013, Och-Ziff Capital Management earned $470.6 million after losing $881.9 million in the first nine months of 2012.

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