Och-Ziff Capital's (OZM) OZ Master Fund Rose 0.65% in Sept. 2016

October 4, 2016 7:40 AM EDT

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Och-Ziff Capital Management (NYSE: OZM) disclosed the following in a U.S. SEC filing on Tuesday:

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 Company’s most significant master funds for the month ended September 30, 2016. The following information is not necessarily indicative of the Company’s anticipated financial results.
September 2016
Net Returns
Estimate (1)(2)
September 2016
Year-to-Date
Net Returns
Estimate (2)(3)
OZ Master Fund
+0.65%
+1.10%
OZ Asia Master Fund
-0.23%
-3.00%
OZ Europe Master Fund
-0.07%
+1.16%
______________________________________________
(1)
Monthly net returns are based on management’s estimates as of the date hereof for performance of the referenced funds from September 1, 2016 to September 30, 2016. Such data may change upon completion of the Company’s month-end valuation procedures, and any changes could be material.
(2)
Year-to-date net returns are based on management’s estimates as of the date hereof for the performance of the referenced funds from January 1, 2016 to September 30, 2016. Such data may change upon completion of the Company’s month-end valuation procedures, and any changes could be material.
(3)
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 October 1, 2016, the estimated unaudited amount of assets under management was approximately $36.9 billion, which reflects a net decrease of approximately $2.3 billion since September 1, 2016. The Company’s estimate of assets under management is inclusive of performance for the month ended September 30, 2016 and capital flows from September 2, 2016 through October 1, 2016.
Assets under management includes assets attributable to the Company’s 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.


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