Thu, Oct 19, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad