Tag Archives: OZM

$OZM,Och-Ziff Capital Management Group LLC

Och-Ziff Capital Management Group LLC breached its 50 day moving average in a Bearish Manner : OZM-US : May 18, 2017

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Categories: ETFs Yahoo FinanceClick here to see latest analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Och-Ziff Capital Management Group LLC. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 … Read more
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Och-Ziff Capital Management Group LLC :OZM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 4, 2017

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Categories: Yahoo FinanceGet free summary analysis Och-Ziff Capital Management Group LLC reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Och-Ziff Capital Management Group LLC – KKR & Co. L.P., Blackstone Group L.P., Invesco Ltd., Apollo Global Management, LLC Class A, Oaktree Capital Group, LLC Class … Read more
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Och-Ziff Capital Management Group LLC breached its 50 day moving average in a Bullish Manner : OZM-US : May 4, 2017

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Ideal PEG, Superior Dividend, Value Growth Opportunities

Categories: ETFs Yahoo FinanceClick here to see latest analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Och-Ziff Capital Management Group LLC. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 … Read more
(Read more…)






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Pain over for Och-Ziff?

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Ideal PEG, Superior Dividend, Value Growth Opportunities

CNBC’s Leslie Picker on hedge fund OOch-Ziff Capital Management seeing outflows in the first part of this year and the silver lining for the rest of the hedge fund world.






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Edited Transcript of OZM earnings conference call or presentation 2-May-17 12:30pm GMT

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Q1 2017 Och-Ziff Capital Management Group LLC Earnings Call






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[$$] It Took Investors Just Four Months To Pull Nearly $7 Billion From Hedge Fund Giant

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Investors pulled nearly $7 billion from Och-Ziff Capital Management Group, the largest publicly traded hedge-fund firm in the U.S., in the first four months of 2017, the latest sign of investor disillusionment …






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[$$] Investors Pull Almost $7 Billion from Hedge Fund Giant in Four Months

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Ideal PEG, Superior Dividend, Value Growth Opportunities

Investors pulled nearly $7 billion from Och-Ziff Capital Management Group, the largest publicly traded hedge-fund firm in the U.S., in the first four months of 2017, the latest sign of investor disillusionment …






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Billionaire Dan Och Suggests Worst Is Over After $6.9 Billion Exits His Hedge Fund Firm in 2017

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Ideal PEG, Superior Dividend, Value Growth Opportunities

Billionaire Dan Och’s Och-Ziff Capital Management said on Tuesday that investors had pulled $6.9 billion out of the hedge fund firm this year and assets under management had declined to $32 billion.

The publicly traded hedge fund firm said net outflows were $2.1 billion in April after the firm experienced $4.8 billion of redemptions in January and February.

Daniel S. Och, chairman and chief executive officer of Och-Ziff Capital Management Group LLC. Photographer: Adrian Moser/Bloomberg News

Not long ago, Och ran one of the world’s biggest hedge fund firms and managed $48 billion, but then the firm got embroiled in a bribery investigation in Africa. Last year a unit of Och-Ziff pleaded guilty to a federal charge of conspiring to bribe officials in Africa and the firm agreed to pay $412 million to resolve Foreign Corrupt Practices Act violations brought by federal prosecutors and regulators. At the same time, performance at Och-Ziff’s funds, particularly its flagship multi-strategy hedge funds, had not done much to inspire investors either.

But on Tuesday, Och said on an investor call that the firm was on the verge of moving beyond its Africa debacle. He pointed out that performance at Och-Ziff’s funds has been positive this year and that most investors who were spooked by the bribery scandal have now had sufficient time to pull their cash out of Och-Ziff, suggesting the outflows will soon slow down or even reverse.

“We believe that the redemption cycle that started in the second quarter of last year has largely ended,” Och said. “We are one quarter away from substantially all clients having had the ability to redeem since the cycle began and from that point forward we believe that multi-strategy flows will return to being driven by performance and general industry trends.”

Och said that in conversations with hedge fund investors “the dialogue has shifted” away from the bribery scandal to discussions about performance and investing oppotunities.

Och’s main hedge fund, the OZ Master Fund, has posted steady performance this year and is up 4.8% in 2017.

Och has put his money where his mouth is. He funded most of the payment to federal prosecutors and regulators by agreeing to buy $350 million in preferred shares of Och-Ziff. He also relinquished Och-Ziff shares worth $100 million to put together a $250 million compensation deal for star trader James Levin, whom Och secured while others left his firm in recent months.

Shares of Och-Ziff have fallen by more than 80% in the last two years.






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Och-Ziff has $6.9 Billion in Outflows in First Four Months

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Och-Ziff Capital Management Group LLC, the hedge fund that settled a bribery case last year, suffered net withdrawals in the first four months of the year, extending several straight quarters of outflows.

The firm had net redemptions of $4.8 billion in the first quarter and an additional $2.1 billion from April 1 and May 1, the company said in a statement Tuesday. Assets under management declined to $32 billion as of the beginning of May, a 24 percent drop from a year earlier.

Last year, clients pulled about $8 billion as the hedge fund settled a five-year bribery probe and saw founder Dan Och singled out by regulators for ignoring red flags and corruption risks. Several executives also left the firm earlier this year as it struggles to hold onto assets.

The bulk of this year’s withdrawals occurred Jan. 1, when the company fulfilled some redemption requests for 2016. Due to clients’ varying liquidity arrangements and redemption windows, the company is one quarter away from all clients having had an opportunity to pull their money following the announcement last May that settlement talks were wrapping up, Och said on a conference call Tuesday.

“We’re one quarter away from that impact ending,” Och said. “From that point forward we believe that multi-strategy flows will return to being primarily driven by performance and broader industry trends.”

With the decline in assets, Och-Ziff’s revenue from fees plunged by about a fourth in the period compared with a year earlier. Management fees, excluding certain items, were $80.8 million, down 44 percent, even as performance fees rose almost 70 percent to $51.6 million.

In its quarterly earnings report today, Och-Ziff reported distributable earnings of $35.7 million, or 7 cents a share, beating estimates of 2.5 cents and compared to a loss of $142.5 million, or 27 cents, a year earlier.

Chief Financial Officer Alesia Haas said there was nothing abnormal about the level of turnover in the first quarter, when bonuses are paid and employee departures are typically at their highest.

Bloomberg reported earlier this year that executives Sebastien Mourot, Drew Gillanders, James Keith “JK” Brown and Paula Drake departed the firm. Last year Joseph Samuels, Och-Ziff’s head of U.S. equities trading, left.

“If we look at our MDs, EMDs, the investment professionals running businesses, senior infrastructure, we feel very good about where our retention has been,” Och said. 

The multi-strategy OZ Master Fund rose 4.1 percent in the first quarter, and the OZ Credit Opportunities Fund was up 3.2 percent.

Och-Ziff agreed to pay more than $400 million in September to settle U.S. charges that it paid bribes to gain business in Africa. Its OZ Africa Management GP unit pleaded guilty to conspiring to bribe officials of the Democratic Republic of Congo.

Shares of the firm were little changed at 9:48 a.m. They have dropped 27 percent to $2.40 this year.






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Och-Ziff Capital Management Group LLC Reports Results for the First Quarter of 2017

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NEW YORK, May 02, 2017 (GLOBE NEWSWIRE) — Och-Ziff Capital Management Group LLC (OZM) announced its results for the first quarter of 2017 and a dividend today. To view the detailed earnings press release, please visit the Public Investors page of Och-Ziff’s website (www.ozcap.com).

international), passcode 10515460. A simultaneous webcast of the call will be available on the Public Investors page of Och-Ziff’s website (<em><a href="http://www.ozcap.com" rel="nofollow noopener" target="_blank">www.ozcap.com</a></em>)." data-reactid="12">Dan Och, Chairman and Chief Executive Officer of Och-Ziff, and Alesia Haas, Chief Financial Officer will host a conference call on May 2, 2017, at 8:30 a.m. Eastern Time to discuss Och-Ziff’s results for the first quarter of 2017. The call can be accessed by dialing +1-844-358-6790 (in the U.S.) or +1-209-905-5913 (international), passcode 10515460. A simultaneous webcast of the call will be available on the Public Investors page of Och-Ziff’s website (www.ozcap.com).

international), passcode 10515460. A webcast replay will also be available on the Och-Ziff’s website as noted above." data-reactid="13">For those unable to listen to the live broadcast, a replay will be available shortly after the call by dialing +1-855-859-2056 (in the U.S.) or +1-404-537-3406 (international), passcode 10515460. A webcast replay will also be available on the Och-Ziff’s website as noted above.

About Och-Ziff

Och-Ziff is one of the largest institutional alternative asset managers in the world, with offices in New York, London, Hong Kong, Mumbai, Beijing, Shanghai and Houston. Och-Ziff provides asset management services to investors globally through its multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles. Och-Ziff seeks to generate consistent, positive, absolute returns across market cycles, with low volatility compared to the broader markets, and with an emphasis on preservation of capital. Och-Ziff’s funds invest across multiple strategies and geographies, consistent with the investment objectives of each fund. The global investment strategies Och-Ziff employs include convertible and derivative arbitrage, corporate credit, long/short equity special situations, merger arbitrage, private investments, real estate and structured credit. As of May 1, 2017, Och-Ziff had approximately $32.0 billion in assets under management. For more information, please visit Och-Ziff’s website (www.ozcap.com).






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