Daniel Och optimistic about investment landscape in 2012
|February 9th, 2012||
|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%.
"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."
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