Och-Ziff Capital Management Announces Q1 2011 Results

May 4th, 2011
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Och-Ziff Capital Management, global asset manager of multi-strategy hedge funds and managed accounts, reported its first quarter results for 2011. Daniel S. Och, the Chairman and Chief Executive Officer of Och-Ziff said, “the value of our investment process was again readily apparent during the first quarter and in April. We continued to generate positive, risk-adjusted returns, with low volatility and low correlation to the equity markets, while also protecting investor capital. Our performance demonstrates the flexibility that our multi-strategy approach and international capabilities provide, enabling us to quickly respond to changes in the economic environment and capitalize on investment opportunities globally.”

Assets under Management

Och-Ziff announced that assets under management reached $29.4 billion as of May 1, 2011, representing $400 million in net capital inflows and $1.1 billion in appreciation related to performance. From a year-over-year perspective, Och-Ziff’s assets were $29.0 billion as of March 31, 2011 compared to $24.8 billion as of March 31, 2010.
3/31/113/31/10
AssetsAssets%
Fund Name($B) ($B)Change
OZ Master Fund20.118.111%
OZ Europe Master Fund2.93.0-2%
OZ Asia Master Fund1.61.323%
OZ Global Special Investments Master Fund1.21.2-1%
Other3.21.2151%

Investment Performance

According to the press release, “performance-related appreciation was principally driven by credit-related strategies and long/short equity special situations globally.”

Fund NameQ1 2011
OZ Master Fund3.36%
OZ Europe Master Fund3.57%
OZ Asia Master Fund1.45%
OZ Global Special Investments Master Fund4.62%


Och-Ziff reported a GAAP Net Loss of $95.5 million for the first quarter of 2011. The GAAP Net Loss “primarily resulted from non-cash reorganization expenses of $405.9 million.” Och-Ziff’s Distributable Earnings for the quarter were $65.2 million, which represented a 33% increase compared to the first quarter of 2010.
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


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