Och-Ziff has been on a fund raising tear as of late. The Financial Times reports the fund firm has taken in more than $500 million in fresh client money over the past six weeks. That surpasses the net amount taken in by the group over the last six months of 2009. This may reflect a better fund raising environment. But as with all firms, it also reflects good performance. The Och-Ziff Master fund, which encompasses a range of strategies, returned 23.1 percent last year. 

The really good news is that several funds have reclaimed their high-water marks set in 2008. So once again they are generating performance fees, and that falls largely to the bottom line. In the fourth quarter, revenues rose to $440.6 million, up 214 percent on the year. Management fees, about 2 percent of assets, accounted for $94.3 million. Performance fees accounted for $345.6 million versus just $6.7 million in the fourth quarter of 2008.  

For more:
- here's the Financial Times article

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