Och-Ziff Capital Management

Och-Ziff Capital Management

Type	Public company
Industry	Hedge funds
Founded	1994
Founder(s)	Daniel Och
Headquarters	New York City, New York, United States
Key people	Daniel Och
Total assets	$28.7 billion as of March 1, 2011
Employees	400+
Website	www.ozcap.com

Och-Ziff Capital Management Group (NYSE: OZM) is an American hedge fund manager and global alternative asset management firm. In early 2011, the firm had more than $28 billion in assets under management.^[1][2]

The firm operates multiple investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments, and real estate.^[3] It has 400 employees worldwide including offices in New York, London, Hong Kong, Mumbai, and Beijing.^[4]

History

The firm was founded in 1994 by Daniel Och with financial support from the Ziff family, founders of Ziff Davis Media. William Ziff's sons Dirk, Robert, and Daniel manage the family's investments through Ziff Brothers Investments. Prior to founding the firm, Och was a vice president at Goldman Sachs.

The company completed an initial public offering in 2007, listing its shares on the New York Stock Exchange at $32. The firm was one of the few hedge funds and private equity companies that completed IPOs before the market downturn of 2007. The company's stock has declined significantly since the IPO, reaching a 2008 year-to-date low of $4.02.^[5] On September 30, 2010, the stock was trading at $14.90. ^[6]

The firm is reported to have avoided large losses during the financial crisis of 2008^[7] and institutional capital continued to allocate funds to the company through 2010.^[7]

Management

According to company website ^[8] the managers and directors of the company are:

• Daniel Och - Chairman of the Board, Chief Executive Officer, Executive Managing Director
• David Windreich - Head of U.S. Investing, Director, Executive Managing Director
• Joel Frank - Chief Financial Officer, Director, Executive Managing Director
• Michael Cohen - Head of European Investing, Executive Managing Director
• Zoltan Varga - Head of Asian Investing, Executive Managing Director
• Harold Kelly - Head of Global Convertible and Derivative Arbitrage, Executive Managing Director
• Jeffrey Blockinger - Chief Legal Officer, Chief Compliance Officer, Secretary, Managing Director
• Allan S. Bufferd - Director, Chair of the Compensation Committee
• William C. Cobb - Director
• Jerome P. Kenney - Director, Chair of Nominating Corporate Governance and Conflicts Committee
• Jeffrey R. Leeds - Director, Chair of Audit Committee

References

1. ^ About Och-Ziff. March 17, 2011
2. ^ "The 2011 Hedge Fund 100 Ranking". Institutional Investor, Inc.. May 12, 2011. http://www.institutionalinvestor.com/Research/3196/Hedge-Fund-100-Ranking.html. 
3. ^ Och-Ziff (company website)
4. ^ Form 10-Q filing as with the U.S. Securities and Exchange Commission. November 4, 2010
5. ^ Och-Ziff Hoovers Company Profile
6. ^ Yahoo Finance Historical Quotes for OZM
7. ^ ^{a b} Griffiths, Tony (October 06, 2010). "The HFMWeek 50 most influential people in hedge funds". HFMWeek. http://www.hfmweek.com/features/593652/the-hfmweek-50-most-influential-people-in-hedge-funds.thtml. Retrieved 5 August 2011. 
8. ^ Och-Ziff: Team (company website)

External links

• Och-Ziff Capital Management (company website)