Wed, Aug 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Och-Ziff reports GAAP Net Loss of $315.8m for 2012, assets increase of 13% (to $32.6bn)

Friday, February 08, 2013

Benedicte Gravrand, Opalesque Geneva: - Och-Ziff, one of the largest institutional alternative asset managers around, today reported GAAP Net Income of $50.7m for the fourth quarter of 2012 and a GAAP Net Loss of $315.8m for the full year.

At the same time, the firm’s assets under management (AuM) ended the year at $32.6bn – 4% higher than the previous quarter, and 13% higher than 2011 ($28.8bn). The year-over-year increase of assets was driven by performance-related appreciation of $3.4bn and capital net inflows of $479.6m, which included approximately $985.9m of collateralized loan obligation assets.

The OZ Master Fund returned +11.6% in 2012, the OZ Europe Master Fund +8.6%, the OZ Asia Master Fund +7% and the OZ Global Special Investments Master Fund +9.8%. The momentum was continued in January 2013, as estimated net returns for the month in the OZ Master Fund is +1.9%, the OZ Europe Master Fund +3.4%, the OZ Asia Master Fund +3.7% and the OZ Global Special Investments Master Fund +0.5%.

The yearly GAAP net loss of $315.8m is an improvement from 2011’s net loss of $419m, driven by "higher incentive income due to improved investment performance in the Company's funds and lower non-cash expenses associated with the Company's reorganization in connection with its initial public offering ("IPO") in November 2007," according to Och-Ziff's ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius