IPO FILING: Och-Ziff, A Hedge Fund Manager

By Douglas A. McIntyre Published Jul 2, 8:35AM EDT

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OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, a hedge fund manager with some $26.8 Billion in assets under management from more than 700 institutional investor clients, has filed to come public via an IPO. The company will trade on the NYSE under the stock ticker “OZM.” Interestingly enough, the only two underwriters are Goldman Sachs and Lehman Brothers.

Returns have been steady and consistent with a 15.7% return over the last year and 12.2% over the last 2 and 5 year periods. $1.8 Billion of the assets under management are actually the funds of the partners.

This hedge fund is a multi-strategy fund with merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed credit investments, private equity and real estate. The media can focus on all the tax issues out of Washington D.C. that they want regarding hedge funds and private equity firms, but it’s obvious that this is going to become a trend that allows fund managers to attract talent and have a currency.

Jon C. Ogg
July 2, 2007

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.