10 Largest Hedge Funds in The World And Their Favorite Stock Picks

5. Och-Ziff Capital Management (AUM: $37.1 billion) is number 5 amongst one of the world’s biggest hedge funds. It was founded by Daniel S Och in 1994 and it is currently structured as a publicly-traded company. It is one of the few publicly listed hedge fund companies. It held its IPO in 2007. The fund is facing rough times currently after it settled federal charges relating to violations of the FCPA Act. This hedge fund has seen its assets under management fall to $37 billion from a peak of $48 billion reached in 2015. This has made the firm cut its average management fee to 1.01% from 1.27% earlier during the year. Despite the troubles, Och-Ziff Capital Management remains one of the world’s largest hedge funds and its real estate and credit funds have remained unaffected by the current turmoil.

The fund bought 24.4 million share equivalent of Procter & Gamble Co. (NYSE:PG) call options valued at $2.2 billion during the third quarter making it the top position with 12.6% of the fund’s total portfolio value. Microsoft Corp (NASDAQ:MSFT) was its second largest position.