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Alternative Market Briefing

Hedge fund group Och-Ziff reports net loss for 2011

Tuesday, February 28, 2012

amb
Daniel S. Och
By Beverly Chandler, Opalesque London:

Och-Ziff Capital Management Group has published its SEC Form 10-K filing of 27th February, reflecting its results for 2011. The firm had made a GAAP Net Loss for the fourth quarter and full year to December 31 2011 of $137.0m, or $1.17 per basic and diluted Class A Share, and $419.0m, or $4.07 per basic and diluted Class A Share, respectively. The Company also declared a $0.04 per share cash dividend on its Class A Shares for the 2011 fourth quarter.

Assets under management at the firm stood at $28.8bn as of December 31, 2011, unchanged from September 30, 2011, but 3% higher than $27.9bn as of December 31, 2010.

Full year net returns through December 31, 2011 showed the largest of their funds, the OZ Master Fund, losing 0.5%; the OZ Europe Master Fund down 4.9%; the OZ Asia Master Fund down-3.8% while the OZ Global Special Investments Master Fund was up 3.2%.

"Last year was particularly volatile, characterised by the most difficult market conditions since 2008," said Daniel S. Och, Chairman and Chief Executive Officer of Och-Ziff in a statement.

The firm estimates that assets under management were $29.0bn at February 1, 2012, reflecting year-to-date performance-related appreciation of $500m and ......................

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