BOSTON Feb 6 Och-Ziff Capital Management Group
LLC reported a sharply higher quarterly profit that beat Wall
Street analysts' forecasts when stronger returns at its hedge
fund portfolios boosted the company's incentive fee income.
Fourth-quarter distributable earnings, excluding costs
related to its November 2007 initial public offering, totaled
$559.0 million, or $1.15 per Adjusted Class A share. That beat
estimates of 83 cents a share, according to Thomson Reuters
A year ago Och-Ziff, one of only a handful of publicly
traded hedge fund companies, reported distributable earnings of
$351.3 million or 77 cents.