Daniel Och optimistic about investment landscape in 2012

February 9th, 2012
| More
Contributed by: PR Newswire
Och-Ziff Capital Management Group LLC (NYSE: OZM) today reported a GAAP Net Loss for the fourth quarter and full year ended December 31, 2011 of $137.0 million, or $1.17 per basic and diluted Class A Share, and $419.0 million, 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.

Hedge Fund Performance Highlights:
-- Assets under management of $28.8 billion as of December 31, 2011, unchanged from September 30, 2011, but 3% higher than $27.9 billion as of December 31, 2010.
-- Full year net returns through December 31, 2011 of the OZ Master Fund of -0.5%, the OZ Europe Master Fund of -4.9%, the OZ Asia Master Fund of -3.8% and the OZ Global Special Investments Master Fund of +3.2%.
-- Estimated assets under management of $29.0 billion as of February 1, 2012, reflecting year-to-date performance-related appreciation of $500
million and capital net outflows of $300 million.
-- Estimated net returns for January 2012 of the OZ Master Fund of 1.6%, the OZ Europe Master Fund of 1.9%, the OZ Asia Master Fund of 2.6% and
the OZ Global Special Investments Master Fund of 1.3%.

"Last year was particularly volatile, characterized by the most difficult market conditions since 2008," said Daniel S. Och, Chairman and Chief Executive Officer of Och-Ziff. "During 2011, the value of our consistent approach to investing and managing risk, our limited use of leverage and our strong infrastructure were clearly evident. We successfully protected investor capital and remained nimble as market conditions evolved. We believe that the degree of institutional differentiation we have achieved positions us to continue to attract new capital and grow as markets stabilize.

"Looking forward to 2012, we are optimistic about the investment landscape and our ability to generate consistent, positive absolute returns for our fund investors. We believe the dislocations created by the current environment will create opportunities for those investors with flexible capital to deploy."
See Source
For Detailed Investor Profiles on these Investors, click below:
Och-Ziff Capital Management
Related People: Daniel Och; David Windreich; Harold Kelly; Michael Cohen*; Zoltan Varga
Related Entities: Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Ziff Brothers
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Resources and Featured Partner News


More Recent Headlines

Fundspire Celebrates Growth in the Cloud in 2011

Paul Ruddock & Steve Heinz's Lansdowne Partners up nearly 6% in January

Commodities hedge funds suffer in 2011

2012 Trends in the Alternative Investment Industry

2012 Preview - A Quiet(er) Year for Activist Investors?

The Big Hedge Fund Stories from 2011: Part 1

Do-It-Yourself Shareholder Activism - A Risky Venture

New York City retains crown as Hedge Fund Hub of the World; Top 100 oversee $350 Billion

Bob Treue’s Barnegat Fund up 462.41% since Launch

Snowmen and Shovels: Investing Lessons?