Post Profile

A ‘Challenging’ Quarter-End Of Och-Ziff Management

Citi’s William Katz and Jack Keeler reiterated a Sell rating on Och-Ziff Capital Management (OZM) Tuesday, citing the asset manager’s “challenging” end to the third quarter. Katz and Keeler write that the firm’s $36.9 billion of assets under management as of Oct. 3 marked a 6% month-over-month decrease. He admits that the company’s multi-strategy performance was “solid” with its Master Fund outperforming the S&P 500, but that this was more than offset by continuing outflows.
read more


Related Posts

Citi Cuts Waddell & Reed To Sell Ahead Of Choppy Asset Manager Earnings

Business & Finance / Investing : Focus on Funds

With asset managers preparing to report third-quarter earnings, Citi’s William Katz isn’t too enthusiastic. Katz writes that investor sentiment is fairly negative for traditional asset managers and broker/dealer firms have relativel...

Billionaire Dan Och’s Hedge Fund Firm Is Getting Really Big

Business & Finance : The Jungle

Och-Ziff Capital Management said on Tuesday that it now manages $45.9 billion, an increase in assets under management of 25%, or $9.3 billion, in the last year.

Citi Is Cautiously Positive On Eaton Vance-Calvert Deal

Business & Finance / Investing : Focus on Funds

Eaton Vance (EV) is higher Friday, after agreeing to buy the business assets of Calvert Investment Management, for undisclosed terms. Citi’s William Katz and Jack Keeler reiterated a Neutral rating on the stock today following the n...

Och-Ziff Profit Rises 19%

Business & Finance : DealBook

Och Ziff Capital Management, the hedge fund firm run by Daniel S. Och, saw profits increase 19 percent in the second quarter, as a growing pool of assets translated into more fees.

Billionaire Dan Och’s Hedge Fund Firm Cuts Management Fees to 1%

Business & Finance : The Jungle

With money flowing out of his hedge fund firm at a fast pace, billionaire Dan Och’s hedge fund firm has cut its average management fee to 1.01%, the latest major hedge fund to try retain investor cash by offering cheaper products. F...


Copyright © 2016 Regator, LLC