Fri, Mar 24, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He