Och-Ziff Capital Management
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| Public company | |
| Traded as | : OZM |
| Industry | Hedge funds |
| Founded | 1994 |
| Founder | Daniel Och |
| Headquarters |
Solow Building New York City, New York, United States |
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Key people
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Daniel Och, Chief Executive Officer David Windreich, Head of U.S. and European Investing Joel M. Frank, Chief Financial Officer and Senior Chief Operating Officer |
| Total assets | $33 Billion as of February, 2017 |
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Number of employees
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200+ |
| Website | www.ozcap.com |
Och-Ziff Capital Management Group is an American hedge fund manager and global alternative asset management firm. As of February 2017, the firm has around than $33 billion in assets under management.
Additionally, Och-Ziff Capital Management Group was accused of FCPA violations in 2016. On Thursday, September 29, 2016, the company agreed to pay the Department of Justice and the U.S. Securities and Exchange Commission a total of $412 Million for criminal and civil violations.
The firm operates multiple investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments, and real estate. It has 400 employees worldwide including offices in New York City, London, Hong Kong, Mumbai, and Beijing.
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 Head of Proprietary Trading in the Equities division at Goldman Sachs.
The company completed an initial public offering in 2007, listing its shares on the at $32. The firm was one of the few hedge funds and private equity companies that completed IPOs before the market downturn of 2007. Also in 2007 it became a founder member of the Hedge Fund Standards Board which sets a voluntary code of standards of best practice endorsed by its members. The company's stock has declined significantly since the IPO, reaching a 2008 year-to-date low of $4.02. On September 30, 2010, the stock was trading at $14.90.
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