Och-Ziff Gains as Pension Funds Rush To Hedge Funds

  Back in the heady days of 2009, when America was beginning to come to terms with the financial crisis and the dark mathematics used by some of the finance world’s most lucrative practitioners, the New York Times published an article entitled “Public Pension Managers Rethink Hedge Fund Ties.” The article discussed the losses that had damaged many American pension funds, and detailed the reactions to them. Many in the pension management world were leaving the hedge fund world behind. It was too unstable, and too prone to large losses. That was probably an unfair assessment. In the meltdown it…