OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC (NASDAQ:OZM) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
Estimated Unaudited Net Returns
The following information is being provided to investors in the
alternative investment vehicles (the funds) that affiliates of
Och-Ziff Capital Management Group LLC (collectively, the Company)
manage with respect to the estimated net returns of certain of the
Companys most significant master funds for the month ended December
31, 2016. The following information is not necessarily indicative
of the Companys anticipated financial results.
alternative investment vehicles (the funds) that affiliates of
Och-Ziff Capital Management Group LLC (collectively, the Company)
manage with respect to the estimated net returns of certain of the
Companys most significant master funds for the month ended December
31, 2016. The following information is not necessarily indicative
of the Companys anticipated financial results.
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December 2016 Net Returns Estimate (1)(2)
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December 2016 Year-to-Date Net Returns Estimate (2)(3)
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OZ Master Fund
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0.72%
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3.82%
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OZ Asia Master Fund
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-2.27%
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-5.39%
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OZ Europe Master Fund
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1.61%
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3.70%
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______________________________________________
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(1)
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Monthly net returns are based on managements estimates as
of the date hereof for performance of the referenced funds from December 1, 2016>to December 31, 2016. Such data may change upon completion of the Companys month-end valuation procedures, and any changes could be material. |
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(2)
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Year-to-date net returns are based on managements estimates
as of the date hereof for the performance of the referenced funds from January 1, 2016>to December 31, 2016. Such data may change upon completion of the Companys month-end valuation procedures, and any changes could be material. |
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(3)
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Net return represents a composite of the average return of
the feeder funds that comprise each of the referenced funds. Net return is presented on a total return basis, net of all fees and expenses (except incentive income on unrealized gains attributable to investments that the Company, as investment manager, determines lack a readily ascertainable fair value, are illiquid or otherwise should be held until the resolution of a special event or circumstance (Special Investments) that could reduce returns on such Special Investments at the time of realization) and includes the reinvestment of all dividends and other income. Performance includes realized and unrealized gains and losses attributable to Special Investments and initial public offering investments that are not allocated to all investors in the feeder funds. Investors that were not allocated Special Investments and/or initial public offering investments may experience materially different returns. The performance calculation for the OZ Master Fund excludes realized and unrealized gains and losses attributable to currency hedging specific to certain investors investing in OZ Master Fund in currencies other than the U.S. Dollar. |
Estimated Unaudited Assets Under Management
In addition, the Company is disclosing to investors in the funds
that it manages that, as of January 1, 2017, the estimated
unaudited amount of assets under management was approximately $33.5
billion, which reflects a net decrease of approximately $3.6
billion>since December 1, 2016. The Companys estimate of assets
under management is inclusive of performance for the month ended
December 31, 2016>and capital flows from December 2,
2016>through January 1, 2017.
that it manages that, as of January 1, 2017, the estimated
unaudited amount of assets under management was approximately $33.5
billion, which reflects a net decrease of approximately $3.6
billion>since December 1, 2016. The Companys estimate of assets
under management is inclusive of performance for the month ended
December 31, 2016>and capital flows from December 2,
2016>through January 1, 2017.
Assets under management includes assets attributable to the
Companys multi-strategy, opportunistic credit, real estate and
equity funds, Institutional Credit Strategies products, and other
alternative investment vehicles it manages. Management fees and
incentive income earned on assets under management may vary
depending on the asset class, commitment period, amount of capital
committed by investors, and other factors related to a particular
fund.
Companys multi-strategy, opportunistic credit, real estate and
equity funds, Institutional Credit Strategies products, and other
alternative investment vehicles it manages. Management fees and
incentive income earned on assets under management may vary
depending on the asset class, commitment period, amount of capital
committed by investors, and other factors related to a particular
fund.
The information in this report is being furnished, not filed, for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, to Item 7.01 of Form 8-K and will not be incorporated by
reference into any filing under the Securities Act of 1933, as
amended, unless specifically identified therein as being
incorporated therein by reference.
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, to Item 7.01 of Form 8-K and will not be incorporated by
reference into any filing under the Securities Act of 1933, as
amended, unless specifically identified therein as being
incorporated therein by reference.
Forward-Looking Statements
The information contained in this Current Report on Form 8-K may
contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, that reflect the
Companys current views with respect to, among other things, future
events and financial performance. The Company generally identifies
forward-looking statements by terminology such as outlook, believe,
expect, potential, continue, may, will, should, could, seek,
approximately, predict, intend, plan, estimate, anticipate,
opportunity, comfortable, assume, remain, maintain, sustain,
achieve, see, think, position or the negative version of those
words or other comparable words.
contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, that reflect the
Companys current views with respect to, among other things, future
events and financial performance. The Company generally identifies
forward-looking statements by terminology such as outlook, believe,
expect, potential, continue, may, will, should, could, seek,
approximately, predict, intend, plan, estimate, anticipate,
opportunity, comfortable, assume, remain, maintain, sustain,
achieve, see, think, position or the negative version of those
words or other comparable words.
Any forward-looking statements contained in this Current Report on
Form 8-K are based upon historical information and on the Companys
current plans, estimates and expectations. The inclusion of this or
other forward-looking information should not be regarded as a
representation by the Company or any other person that the future
plans, estimates or expectations contemplated by the Company will
be achieved.
Form 8-K are based upon historical information and on the Companys
current plans, estimates and expectations. The inclusion of this or
other forward-looking information should not be regarded as a
representation by the Company or any other person that the future
plans, estimates or expectations contemplated by the Company will
be achieved.
The Company cautions that forward-looking statements are subject to
numerous assumptions, estimates, risks and uncertainties, including
but not limited to the following: global economic, business, market
and geopolitical conditions; U.S. and foreign regulatory
developments relating to, among other things, financial
institutions and markets, government oversight, fiscal and tax
policy; the outcome of third-party litigation involving the
Company; the consequences of the Foreign Corrupt Practices Act
settlements with the U.S. Securities and Exchange Commission (SEC)
and the U.S. Department of Justice; conditions impacting the
alternative asset management industry; the Company’s ability to
retain existing investor capital; the Companys ability to
successfully compete for fund investors, assets, professional
talent and investment opportunities; the Companys ability to retain
its active executive managing directors, managing directors and
other investment professionals; the Companys successful formulation
and execution of its business and growth strategies; the Companys
ability to appropriately manage conflicts of interest and tax and
other regulatory factors relevant to the Companys business; and
assumptions relating to the Companys operations, investment
performance, financial results, financial condition, business
prospects, growth strategy and liquidity.
numerous assumptions, estimates, risks and uncertainties, including
but not limited to the following: global economic, business, market
and geopolitical conditions; U.S. and foreign regulatory
developments relating to, among other things, financial
institutions and markets, government oversight, fiscal and tax
policy; the outcome of third-party litigation involving the
Company; the consequences of the Foreign Corrupt Practices Act
settlements with the U.S. Securities and Exchange Commission (SEC)
and the U.S. Department of Justice; conditions impacting the
alternative asset management industry; the Company’s ability to
retain existing investor capital; the Companys ability to
successfully compete for fund investors, assets, professional
talent and investment opportunities; the Companys ability to retain
its active executive managing directors, managing directors and
other investment professionals; the Companys successful formulation
and execution of its business and growth strategies; the Companys
ability to appropriately manage conflicts of interest and tax and
other regulatory factors relevant to the Companys business; and
assumptions relating to the Companys operations, investment
performance, financial results, financial condition, business
prospects, growth strategy and liquidity.
If one or more of these or other risks or uncertainties
materialize, or if the Companys assumptions or estimates prove to
be incorrect, the Companys actual results may vary materially from
those indicated in these statements. These factors are not and
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements and risks that are
included in the Companys filings with the SEC, including but not
limited to the Companys Annual Report on Form 10-K for the year
ended December 31, 2015, dated February 11, 2016. There may be
additional risks, uncertainties and factors that the Company does
not currently view as material or that are not known. The Company
does not undertake to update any forward-looking statement, because
of new information, future developments or otherwise.
materialize, or if the Companys assumptions or estimates prove to
be incorrect, the Companys actual results may vary materially from
those indicated in these statements. These factors are not and
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements and risks that are
included in the Companys filings with the SEC, including but not
limited to the Companys Annual Report on Form 10-K for the year
ended December 31, 2015, dated February 11, 2016. There may be
additional risks, uncertainties and factors that the Company does
not currently view as material or that are not known. The Company
does not undertake to update any forward-looking statement, because
of new information, future developments or otherwise.
This Current Report on Form 8-K does not constitute an offer of any
Och-Ziff fund.
Och-Ziff fund.
