Och-Ziff (OZM) Master Fun up 0.49% in August; 2.57% YTD
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The following information is being provided to investors in the alternative investment vehicles (the “funds”) that affiliates of Och-Ziff Capital Management (NYSE: OZM) manage with respect to the estimated performance of the Company’s most significant master funds for the month ended August 31, 2014. The following information is not necessarily indicative of the Company’s anticipated financial results.
Fund |
| August 2014 |
|
|
| August 2014 |
OZ Master Fund |
| +0.49% |
|
|
| +2.57% |
OZ Europe Master Fund |
| -0.04% |
|
|
| -1.47% |
OZ Asia Master Fund |
| -0.03% |
|
|
| -4.25% |
(1) | Monthly performance data are based on management’s estimates as of the date hereof for performance of the referenced funds from August 1, 2014 to August 31, 2014. Such data may change upon completion of the Company’s month-end valuation procedures, and any changes could be material. |
(2) | Net return represents a composite of the average return of the feeder funds that comprise each of the Company’s most significant master 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. |
(3) | Year-to-date performance data are based on management’s estimates as of the date hereof for the performance of the referenced funds from January 1, 2014 to August 31, 2014. Such data may change upon completion of the Company’s month-end valuation procedures, and any changes could be material. |
Estimated Unaudited Assets Under Management
In addition, the Company is disclosing to investors in the funds that it manages that, as of September 1, 2014, the estimated unaudited amount of assets under management was approximately $46.1 billion, which reflects a net increase of approximately $400 million since August 1, 2014. The Company’s estimate of assets under management is inclusive of performance for the month ended August 31, 2014 and capital flows from August 2, 2014 through September 1, 2014.
Assets under management includes assets attributable to the Company’s multi-strategy funds, credit funds, collateralized loan obligations (CLOs), real estate funds, equity funds and other alternative investment vehicles it manages. Management fees and incentive income earned on assets under management may vary depending on the asset class, performance measurement 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, pursuant 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.
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