Sat, Dec 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Och-Ziff Capital Management Group reports GAAP Net Loss, increased AuM

Thursday, February 10, 2011

Daniel S. Och
Opalesque Industry Update – Och-Ziff Capital Management Group LLC reported a GAAP Net Loss for the fourth quarter and full year ended December 31, 2010 of $22.8 million, or $0.24 per basic and diluted Class A Share, and $294.4 million, or $3.35 per basic and diluted Class A Share, respectively. The Company also declared a $0.71 per share cash dividend on its Class A Shares for the 2010 fourth quarter, bringing the full-year 2010 dividend to $1.01.

Summary Highlights

  • Distributable Earnings of $303.1 million, or $0.74 per Adjusted Class A Share, and $461.4 million, or $1.13 per Adjusted Class A Share, for the 2010 fourth quarter and full year, respectively
  • Fourth quarter 2010 cash dividend of $0.71 per Class A Share, bringing the 2010 full-year dividend to $1.01 per Class A Share
  • Assets under management of $27.6 billion as of January 1, 2011, 5% higher than $26.3 billion as of October 1, 2010 and 17% higher than $23.5 billion as of January 1, 2010
  • Full-year net returns through December 31, 2010 of the OZ Master Fund of 8.5%, the OZ Europe Master Fund of 7.5%, the OZ Asia Master Fund of 9.9% and the OZ Global Special Investments Master Fund of 13.4%
  • Estimated assets under management of $28.4 billion as of February 1, 2011, reflecting a $800 million increase from January 1, 2011, which was primarily attributable to performance-related appreciation of $500 million and $300 million of capital net inflows
  • Estimated net returns for January 2011 of the OZ Master Fund of 1.6%, the OZ Europe Master Fund of 2.4%, the OZ Asia Master Fund of 1.1% and the OZ Global Special Investments Master Fund of 2.0%

"Last year was a strong year for us, both in terms of our investment performance and the growth in our assets under management," said Daniel S. Och, Chairman and Chief Executive Officer of Och-Ziff. "The value of our multi-strategy investment process was evident in our results and we again generated consistent, positive, risk-adjusted returns for our fund investors.

More information from

www.ochziff.com (press release)
BC

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest