Och-Ziff Capital Management Group LLC (OZM) - NYSE
  • Tue, Jul. 12, 10:04 AM
    | Tue, Jul. 12, 10:04 AM | 3 Comments
  • Mon, Jul. 11, 9:41 AM
    • Troubles in hedge-fund land have meant troubles for Fortress Investment (NYSE:FIG) and Och-Ziff Capital (NYSE:OZM). FIG is down 39% Y/Y, and OZM by 72%.
    • KBW moves on, downgrading both to Market Perform from Outperform.
    • FIG is lower by 0.7% today, and OZM by 4.9%.
    | Mon, Jul. 11, 9:41 AM | 1 Comment
  • Tue, Jul. 5, 2:45 PM
    • AUM fell 7.5% to $39.2B in June. For the entire quarter, AUM fell 6.7%, and for all of H1, they fell 12.1%.
    • Performance: All three of Och-Ziff's (OZM -5.3%) flagship funds turned in negative returns in Q2.
    | Tue, Jul. 5, 2:45 PM | 4 Comments
  • Tue, Apr. 12, 12:45 PM
    | Tue, Apr. 12, 12:45 PM | 5 Comments
  • Tue, Apr. 12, 9:12 AM
    | Tue, Apr. 12, 9:12 AM
  • Fri, Feb. 12, 12:48 PM
    | Fri, Feb. 12, 12:48 PM | 6 Comments
  • Thu, Feb. 11, 10:05 AM
    • Q4 distributable loss of $36.1M or $0.07 per share vs. earnings of $255.4M and $0.50 one year ago. Full-year distributable earnings of $251.9M or $0.49 per share vs. $590.3M and $1.16 in 2014.
    • CEO Dan Och: "2016 has gotten off to a challenging start."
    • End-of-year AUM of $45.5B vs. $47.5B a year ago, with outflows of $1.2B and distributions of $900M. AUM fell further to an estimated $43.7B as of Feb. 1.
    • AUM at Multi-strategy funds fell 13% to $29.5B Y/Y. The OZ Master Fund - the largest of the group - had a net return of -0.4% for the year.
    • There will be no Q4 dividend.
    • Previously: Och-Ziff Capital Management misses by $0.07, misses on revenue (Feb. 11)
    • OZM -15.2%
    | Thu, Feb. 11, 10:05 AM | 8 Comments
  • Dec. 2, 2015, 11:17 AM
    • Och-Ziff Management (OZM +9.9%) continues to bounce from a near-all-time low as BAML adds the stock to its U.S. 1 List.
    • The stock's up about 34% since bottoming out near $5 per share a couple of weeks ago.
    • Previously: KBW a bull again on Och-Ziff (Nov. 23)
    | Dec. 2, 2015, 11:17 AM | 7 Comments
  • Nov. 23, 2015, 9:48 AM
    • A longtime bull on the stock, KBW downgraded Och-Ziff Capital (NYSE:OZM) on Nov. 4 following disappointing Q3 results. The roughed-up stock has been roughed-up further since, down about 20% since then, and now lower by about 60% since the summer.
    • The decline is enough for KBW, which upgrades OZM back to Outperform.
    • Shares +4.2% in early action.
    • Previously: KBW throws in the towel on Och-Ziff (Nov. 4)
    • Previously: Tough market conditions sting Och-Ziff earnings (Nov. 3)
    | Nov. 23, 2015, 9:48 AM | 3 Comments
  • Nov. 2, 2015, 3:14 PM
    • Leading the way higher for the roughed-up sector are alternative players like Och-Ziff Capital (OZM +10.1%) and KKR (KKR +9.3%). There's also Blackstone (BX +4.3%), Fortress (FIG +3.2%), Oaktree (OAK +4.2%), and Carlyle Group (CG +7.4%).
    • Traditional names like Manning and Napier (MN +11.7%), Affiliated (AMG +2.6%), Waddell & Reed (WDR +2.7%), Virtus Investment (VRTS +3.7%), and Legg Mason (LM +2.3%).
    • Many of these names have reported Q3 already, and the results have mostly disappointed. On tap for tomorrow is Och-Ziff.
    | Nov. 2, 2015, 3:14 PM | 10 Comments
  • Aug. 4, 2015, 1:13 PM
    • Q2 distributable earnings of $95.2M or $0.188 per share vs. $90.4M and $0.18 one year ago.
    • June 30 AUM of $48B up 5% Y/Y. Longer-dated AUM of $16.5B up 12%, and now making up 34% of total AUM. AUM in dedicated credit, real estate, and other single-strategy funds of $15B up 26%, and now making up 31% of total AUM.
    • AUM in multi-strategy products of $33B down 3% Y/Y. OZ Master Fund AUM of $27B flat Y/Y. Net return of 4.1% through the end of June. Annualized net return since inception of 12.7%.
    • Compensation and benefits of $33.1M up 11% from a year ago. Ratio of salaries and benefits to management fees of 17% up 100 basis points.
    • Previously: Och-Ziff Capital Management beats by $0.04, beats on revenue (Aug. 4)
    • OZM +3%
    | Aug. 4, 2015, 1:13 PM
  • Aug. 22, 2014, 12:45 PM
    | Aug. 22, 2014, 12:45 PM
  • May 2, 2014, 1:10 PM
    • Higher by more than 2% earlier following an earnings beat, Och-Ziff Capital (OZM -5%) turns sharply lower as concerns over the investigation into its dealings in Africa apparently takes over again. Asked by Citi's William Katz on the earnings call (transcript) about how investors should think about these regulatory issues, management  declined to comment, other than saying most of its conversations with investors concern performance.
    • Previously: Och-Ziff pops after earnings and distribution
    • Previously: WSJ: Och-Ziff helped fund controversial deals in Congo
    | May 2, 2014, 1:10 PM
  • May 2, 2014, 10:19 AM
    • It's stock beaten down over an investigation of some of its funding deals in Africa, Och-Ziff Capital (OZM +2%) gets a nice boost from an earnings beat and declaration of a $0.23 dividend. The Street had expected a cut in the distribution.
    • Any discussion of the Africa situation is absent from the quarterly report.
    • Distributable earnings of $127.8M or $0.25 per share slipped from $136.9M and $0.29 one year ago. AUM, however, were strong, growing 22% Y/Y to $42.6B, with net inflows of $4.2B and appreciation of $3.4B.
    • Previously: Och-Ziff Capital Management beats by $0.09, beats on revenue
    | May 2, 2014, 10:19 AM
  • Apr. 2, 2014, 1:21 PM
    • Och-Ziff's (OZM -5%) OZ Master Fund fell 1.99% in March, the Europe Master Fund fell 1.21% and the Asia Master Fund declined 4.06%, putting the first two funds barely positive YTD and the Asia fund off 6.7%. This "restarts the clock" on performance fees this year, writes Citi's William Katz.
    • For now, Katz sees this as just a bad month, but a continuation would pressure organic growth trends and the stock.
    • A bit of good news - the company had net inflows of about $1.1B in March, corresponding to a speedy 31% annualized growth rate.
    • SEC Form 8-K
    | Apr. 2, 2014, 1:21 PM
  • Nov. 18, 2011, 8:22 AM

    Shares of Och-Ziff (OZM) fall 3.8% premarket after the firm prices its $250M public offering of shares at $7.50/share. The company says it will use proceeds from the offering to retire debt at a discount.

    | Nov. 18, 2011, 8:22 AM
Company Description
Och-Ziff Capital Management Group LLC operates as an institutional alternative asset manager. It provides asset management services through its funds, which pursue a broad range of global investment opportunities, and by developing new, carefully considered investment products. The company also... More
Sector: Financial
Industry: Asset Management
Country: United States