Och-Ziff (OZM) to Change Name to Sculptor Capital, Ticker to 'SCU'

September 12, 2019 7:29 AM EDT

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Och-Ziff Capital Management Group Inc. today announced that it changed its name to Sculptor Capital Management, Inc.. The Company’s Class A common stock, which previously traded on the NYSE under the ticker symbol “OZM,” began trading under the new ticker symbol NYSE: SCU.

The name change marks an important milestone for the Company. It recognizes the changes in leadership and governance the Company implemented earlier this year which transferred ownership and control to the Executive Managing Directors (“EMDs”) while establishing long term incentives that align the EMDs and the Company’s fund investors.

Rob Shafir, Chief Executive Officer of Sculptor Capital, said, “Our new name is a culmination of the strategic actions that we have taken to position the Company for long-term success. Our 23 EMDs are aligned, empowered and committed to achieving our goals, and our talented investment team continues to deliver excellent results through our distinct investment process which has been honed over 25 years.”

Jimmy Levin, Chief Investment Officer of Sculptor Capital, said, “We are excited by the investment opportunities presented in today’s dynamic environment and believe our team has never been stronger. The breadth and depth of our diverse platform provides us with unique perspectives across assets classes, enabling us to quickly identify opportunities and navigate changing market conditions.”

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