Wednesday, May 29, 2013

Ten Years of Absolute Return: Top 10 of 2013 By Lawrence Delevingne

Och-Ziff Capital Management Group

Och-Ziff Capital Management Group
LeadershipDan Och
Assets ($B)$6$31.9
BDC Rank#3
Flagship performance
OZ Master Fund
139.22% cumulative
9.11% annualized 
Oct Ziff's assets grew sharply from about $6 billion at the end of 2002 to $29.7 billion in late 2007 when the multistrategy investment manager took the unusual step of going public. At the time, the flagship OZ Master Fund had produced a net annualized return of 16.7% since Goldman Sachs alum Dan Och launched the firm in 1994 with Ziff Brothers Investments. Assets peaked at $33.4 billion in 2007, but fell to $23.1 billion in 2009, following a 15.9% flagship loss in 2008. Besides a 23.1% gain in 2009, performance has been purposefully muted since going public: up 8.5% in 2010; down 0.5% in 2011 and up 11.6% in 2012. In 2011, Och-Ziff launched a UCITS fund, adding another public structure. Overall, Och-Ziff has 468 employees (137 in investments) working from New York, London, Hong Kong, Mumbai and Beijing. The stock price is down about 59% since the IPO in November 2007 to $11.30 a share as of May 30.