Fitch Places Och-Ziff (OZM) on Watch for Downgrade
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Och-Ziff Capital's (OZM) OZ Master Fund Rose 0.65% in Sept. 2016
October 4, 2016 7:40 AM EDTOch-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 ReturnsThe following information is being provided to investors in the alternative investment vehicles (the funds) that affiliates of Och-Ziff... MoreS&P Downgrades Och-Ziff (OZM) to 'BBB-'; Outlook is Negative
September 30, 2016 12:04 PM EDTS&P Global Ratings said it lowered its issuer credit ratings on Och-Ziff Capital Management Group LLC (NYSE: OZM), as well as OZ Management LP, OZ Advisors LP, and OZ Advisors II LP (collectively, these three partnerships are referred to as the operating group), and Och-Ziff Finance Co. LLC to 'BBB-' from 'BBB'. The outlook is negative. At the same time, we lowered our senior unsecured debt ratings to 'BBB-' from 'BBB'.
The company recently announced that it has reached settlements with the Department of Justice (DOJ) and the SEC, resolving their investigations... More
Och-Ziff Capital Management (OZM) Enters $400M Preferred Units Purchase Agreement
September 29, 2016 5:04 PM EDTOch-Ziff Capital Management (NYSE: OZM) disclosed the following on Thursday:
Item 1.01. Entry into a Material Definitive Agreement.
On September 29, 2016, we entered into a securities purchase agreement (the Purchase Agreement) with certain executive managing directors, including Daniel S. Och (the EMD Purchasers) of Och-Ziff Capital Management Group LLC (the Company), pursuant to which the EMD Purchasers have agreed to purchase Class A Cumulative Preferred Units in each of OZ Management LP, OZ Advisors LP and OZ Advisors II LP (each, a subsidiary of the Company and an Operating Group Entity) in an aggregate... More
SEC Says Och-Ziff (OZM) Settles FCPA Charges; Will Pay Nearly $200M
September 29, 2016 2:19 PM EDT(Updated - September 29, 2016 2:20 PM EDT)
The Securities and Exchange Commission today announced that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA).
Och-Ziff CEO Daniel S. Och agreed to pay nearly $2.2 million to settle SEC charges that he caused certain violations along with CFO Joel M. Frank, who also agreed to settle the charges.
The SEC detected the misconduct while proactively scrutinizing the way that financial services firms were obtaining investments from sovereign wealth funds overseas. The SECs subsequent... More
