Och-Ziff Going Public

Monster hedge fund Och-Ziff filed for $2 billion IPO Monday. The fund earned $588 million in 2006, up from $260 million in 2005 and boasts a Sharpe Ratio of 6.4 for the previous year.

The hedge fund was a backer of one IPO last quarter. It contributed to Amicus Therapeutics’ (Nasdaq: FOLD) $75 million IPO at the end of May. Amicus shares are down more than 19% to $12.09 from its $15 offering price.