What's up at Och-Ziff?

June 4, 2009 | By Jim Kim

Och-Ziff was one of the few hedge funds that bucked a trend last year, that saw many other funds block redemptions. One could argue that the decision has cost the company; it's assets under management plunged, perhaps by as much as a third. But you also have to think it generated some goodwill that will help it as it aims to recover.

Reuters suggests it "will likely attract new clients who place a premium on transparency and access to their money." These are hot button issues right now. Och-Ziff aims to lay the groundwork for a revival. It's starting new funds, including an energy and perhaps a mortgage fund. People will certainly be interested in the redemptions policies and fee structure. Och-Ziff will be a big investor in any fund. Performance has picked up in 2009, which certainly doesn't hurt.

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