Och-Ziff Latest Hedge Fund to Bet and Win Big on Single Security

Last year, Dan Loeb’s gains of over $500 million from Greek government bonds and Boaz Weinstein’s returns from betting against the London Whale were perhaps the largest moneymakers. While we have heard of stellar paper returns from many hedge funds in 2013, huge profits have not actually been reported yet. Another big profit maker from 2012 unearthed by WSJ’s Gregory Zuckerman is that Och-Ziff Capital Management Group LLC (NYSE:OZM) reported $2 billion in profits from investments in structured credit initiated in 2012. On an initial capital of $7.5 billion, Och-Ziff roped in a brilliant 26 percent...