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Billionaire hedge fund manager Dan Och has been raising hefty bundles of money from outside investors. Forbes’ Nathan vardi argued that Och may be the world’s second-biggest hedge fund manager.
The first place still belongs to billionaire Ray Dalio’s Bridgewater Associates, which manages $160 billion, give or tale a billion.
In third place: billionaire Alan Howard’s Brevan Howard Asset Management, managing a measly $40 billion.
Och’s publicly-traded hedge fund firm, Och-Ziff Capital Management, reported on Tuesday that as of July 1, it managed $45.9 billion.
It came down to $45.7 billion at the start of August.
That’s an increase in assets under management of 25%, or $9.3 billion, in one year.
“When it comes to fundraising, Och has been on fire, ” Vardi reported. Och has seen capital net inflows of $5.9 billion over the 12 months ending June 30. Of that, $1.9 billion is related to CLOs and $1.2 billion to a real estate fund.
Nevertheless, Och’s hedge fund’s assets rose by 19% in the last year and experienced net inflows in 2014 of $1.5 billion.
Vardi noted that Och has been by far the most notable asset raiser among the large hedge fund outfits, tapping the flow of pension funds looking for a safe and lucrative haven.
“Investor interest in our platform remains high, ” Och said on a conference call on Tuesday. “Globally we believe that pension funds and other institutions will continue to increase their allocations to alternative-asset managers and that we will be a substantial beneficiary of this secular trend.”
Och-Ziff Capital Management also said on Tuesday that it posted a profit of $10.7 million in Q2/14, or 5 cents per share, compared to $3.8 million, or 2 cents per share, in the same period last year.
Shares of Och-Ziff fell by 1%.
