Sat, Nov 29, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout