Tuesday, July 3, 2007
Och-Ziff Capital Management, a $26.8 billion hedge fund, filed for a $2 billion IPO. It is described as the first "pure-play" American hedge fund to seek public financing. According to the Wall St. Journal, every large hedge fund is now considering a public financing. Och-Ziff's stock will trade on the NYSE. Blackstone, which went public at $31, is currently trading below $30. See NYTimes, Hedge Funds Continue Public Path; WSJ, A Bustle Grows On Hedge Row:The IPO Allure.