Sculptor/Rithm: pay was only facet of fund that age left undiminished

Receive free Hedge funds updates

We’ll send you a myFT Daily Digest email rounding up the latest Hedge funds news every morning.

Not every alternative asset star of the early 2000s can match Blackstone’s journey to $1tn in assets under management. Take Och-Ziff Capital. The hedge fund was managing $27bn when it went public in 2007. It now runs $34bn.

In real terms, this is around the same amount. The business has just sold itself for $11.15 per share to Rithm Capital. That compares with a split-adjusted listing price