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Billionaire Dan Och’s Hedge Fund Just Became Second Largest on the Planet

Dan Och Getty Images

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.

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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%.



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