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Och-Ziff Capital Management Group LLC (OZM)

OZM on New York Consolidated

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21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Gabonese 'fixer' in Och-Ziff U.S. bribery case to plead guilty
Thursday, 8 Dec 2016 01:25pm EST 

Och-ziff Capital Management Group Llc : Gabonese national Samuel Mebiame, charged in U.S. bribery probe involving Och-Ziff Capital Management Group to plead guilty: court filing . Mebiame scheduled to plead guilty on Friday in federal court in Brooklyn Further company coverage: [OZM.N] (Reporting by Nate Raymond) ((Nate.Raymond@thomsonreuters.com;)).  Full Article

Och-Ziff Capital says AUM as of Dec 1 was about $37.1 bln
Friday, 2 Dec 2016 07:45am EST 

Och-Ziff Capital Management Group LLC :Och-Ziff Capital - as of Dec 1, 2016, estimated unaudited amount of AUM was about $37.1 billion, a net increase of about $0.1 billion since November 1, 2016.  Full Article

Och-Ziff - Entered securities purchase agreement with certain Executive MD's
Thursday, 29 Sep 2016 05:14pm EDT 

Och-Ziff Capital Management Group Llc : Och-Ziff Capital Management -Entered securities purchase agreement with certain Executive Managing Directors, including Daniel Och of Och-Ziff Capital Management Group LLC . Och-Ziff Capital Management says Daniel S. Och will purchase up to approximately $349 million of preferred units . Och-Ziff Capital Management - Executive Managing Directors excluding Daniel S. Och will purchase up to about $51 million of the preferred units . Och-Ziff Capital Management - Preferred units will be a new class of non-voting preferred equity interests in operating group entities . Och-Ziff Capital Management -Preferred units will have an aggregate liquidation preference of $1,000, plus accrued and unpaid distributions Source - http://bit.ly/2dybjj9 Further company coverage: [OZM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Och-Ziff reaches settlements with DoJ and SEC to resolve FCPA investigation
Thursday, 29 Sep 2016 04:53pm EDT 

Och-ziff Capital Management Group Llc : Ziff reaches settlements with U.S. Department Of Justice and u.S. Securities And Exchange Commission to resolve FCPA investigation . Settlement clears way for Och-Ziff to continue investing on behalf of its clients . Ziff - penalty amount will be paid using cash on hand and an investment of up to $400 million made by certain of firm's partners through a perpetual preferred stock offering .Says firm has also bolstered its system of checks and balances by forming a business risk committee.  Full Article

Och-Ziff unit said expected to plead guilty over Africa bribes- Bloomberg, citing source
Wednesday, 28 Sep 2016 02:06pm EDT 

: Och-Ziff unit said expected to plead guilty over africa bribes- Bloomberg, citing source .Ziff admission of guilt, which could come as early as Thursday, is part of settlement with the justice department and sec - Bloomberg.  Full Article

Och-Ziff Q2 revenues $152.6 million versus $321.4 million
Tuesday, 2 Aug 2016 07:40am EDT 

Och-ziff Capital Management Group Llc : Q2 earnings per share view $0.07, revenue view $145.0 million -- Thomson Reuters I/B/E/S . Ziff capital - och-ziff recorded an additional $214.3 million reserve accrual in 2016 q2 in connection with its ongoing fcpa investigation . Ziff Capital Management Group llc - qtrly total revenues $152.6 million versus $321.4 million . Ziff capital management group llc - qtrly distributable earnings was $0.35 per adjusted class a share . Ziff Capital Management Group llc - qtrly gaap net loss allocated to class a shareholders was $0.44 per diluted class a share .Ziff Capital Management Group llc - assets under management totaled $42.0 billion as of june 30, 2016, declining 12% year-over-year.  Full Article

Och-Ziff reported estimated unaudited AUM of about $39.1 billion
Tuesday, 2 Aug 2016 07:17am EDT 

Och-ziff Capital Management Group LLC :Ziff Capital Management Group-as of aug 1, 2016, estimated unaudited aum was about $39.1 billion, a net decrease of about $100 million since july 1, 2016.  Full Article

LendingClub and hedge funds have discussed major funding deals - WSJ, citing sources
Thursday, 9 Jun 2016 09:03am EDT 

: LendingClub and hedge funds have discussed major funding deals - WSJ, citing sources .Och-Ziff Capital Management Group,Soros Fund Management,Third Point discussed with LendingClub to fund as much as $5 bln in loans - WSJ,citing sources.  Full Article

Fortuna Resources partners with Och-Ziff affiliates
Monday, 16 May 2016 11:55am EDT 

Fortuna Resources Holdings, LLC : Says Certain Affiliates Of Och Ziff capital management group llc have committed $75 million to fortuna . Says Certain Affiliates Of Och Ziff capital management group llc have an option to increase committment to $150 million .Fortuna Resources Llc Partners With Och-Ziff Affiliates To Pursue Oil And Gas Acquisition And Development Opportunities.  Full Article

Och-Ziff Capital Management Group LLC , authorities spar over bribery settlement terms - WSJ
Monday, 11 Apr 2016 09:09pm EDT 

Och-Ziff Capital Management Group LLC:Federal authorities are wrangling with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea and the amount of potential financial sanctions as they wrap up a 5 year international bribery investigation, according to people familiar with the matter - WSJ.The Justice Department is pushing for the company to plead guilty, which would be rare for a major financial institution.Securities regulators also are seeking civil sanctions of as much as $400 million from Och-Ziff, based on what they believe were the company’s profits from alleged bribery overseas, these people said.Och-Ziff’s lawyers have argued that the company shouldn’t be held criminally liable, and any potentially illegal behavior wasn’t widely known at the firm, with profits from the activities in question totaling less than $100 million, these people said.The investigations by Justice and the Securities and Exchange Commission have examined whether Och-Ziff, knowingly paid bribes to government officials to obtain an investment from Libya’s sovereign-wealth fund and in natural-resources deals in other African countries, these people said.The firm’s lawyers have attempted to persuade prosecutors to agree to a deferred prosecution agreement, in which any charges would be dismissed after a period if the company stays out of trouble, the people familiar with the matter said.  Full Article

More From Around the Web

BRIEF-Och-Ziff Capital reports Q4 adjusted profit of $0.01/shr

* Och-Ziff Capital Management Group Llc reports 2016 fourth quarter and full year results