One of the World's largest hedge-fund firms, Och-Ziff Capital Management Group, narrowed the loss during the fourth quarter of 2009 to $47.2 million or $0.58 per share from the loss of $297.4 million or $3.79 per share for the same period of previous financial year with the help of strong industry rebound.

Company’s revenue jumped from the $146.30 million to $448.82 during the quarter with the help of jump in the incentive income.

The company surpassed the high-water marks on its assets under management, with its OZ Master Fund having one of its best years ever and its Asia Master Fund achieving record performance with a disciplined focus on its long-standing investment and risk management processes which, when combined with the flexibility of its multi-strategy approach and the stability of its model, was central to the strength of its returns last year.

The company official said that the Hedge Fund major is well position to generate the strong performance as company’s assets management recorded growth over the time and the extremely focused alignment and fund investment will help them to have a great fiscal year.