BOSTON Aug 5 Hedge fund company Och-Ziff
Capital Management Group LLC reported higher quarterly
earnings on Tuesday as assets rose to record levels amid fresh
demand for portfolios that invest in real estate, stocks and
The New York-based company, one of only a handful of
publicly listed hedge fund firms, reported second-quarter
distributable earnings of $90.4 million, or 18 cents a share, as
assets under management hit $45.9 billion on June 30.
Distributable earnings exclude costs from Och-Ziff's
November 2007 initial public offering.
Results matched Wall Street analysts' forecast, according to
Thomson Reuters I/B/E/S. A year earlier the company earned $77.5
million, or 16 cents a share.
(Reporting by Svea Herbst-Bayliss; Editing by Lisa Von Ahn)