Wednesday, February 16, 2005
Och-Ziff Births a Spin-Out (Albourne Village)
Och-Ziff Capital's spin-out to set up London office
posted on Thursday 10 Feb 2005 07:12 GMT
From Reuters
Reuters reports, a spin-out of U.S. hedge fund Och-Ziff Capital, Cyrus Capital Partners Europe, has set up in London, taking $600 million of managed assets and aiming to raise new funds.
According to familiar sources, the fund plans to invest in multi-strategy situations, including stressed and distressed, and in the whole spectrum (of securities) from bank debt to equity.
Steve Freydheimm, who previously co-managed with Och-Ziff founder Dan Och the $600 million of assets, will head up the new fund from the United States while three managers, including former Lazard debt restructuring banker Dan Bordessa, have set up a London office.
posted on Thursday 10 Feb 2005 07:12 GMT
From Reuters
Reuters reports, a spin-out of U.S. hedge fund Och-Ziff Capital, Cyrus Capital Partners Europe, has set up in London, taking $600 million of managed assets and aiming to raise new funds.
According to familiar sources, the fund plans to invest in multi-strategy situations, including stressed and distressed, and in the whole spectrum (of securities) from bank debt to equity.
Steve Freydheimm, who previously co-managed with Och-Ziff founder Dan Och the $600 million of assets, will head up the new fund from the United States while three managers, including former Lazard debt restructuring banker Dan Bordessa, have set up a London office.
# posted by Tom @ 5:40 PM 
