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