Och-Ziff Rises Most Since IPO After Profit Beats Estimates

February 26, 2008 6:53 pm

Och-Ziff Capital Management Group LLC, the hedge-fund firm run by Daniel Och, rose the most since going public in November after reporting fourth-quarter earnings that exceeded analysts’ estimates.Distributable earnings, a measure of profit that excludes some costs, were $505.5 million, or $1.27 a share, the New York- based company said today in a statement.

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