Och-Ziff Capital Management Group Inc said Sept. 12 that it changed its name to Sculptor Capital Management Inc. Och-Ziff’s stock began trading under the ticker “SCU” on the NYSE.
NEW YORK, Sept. 12, 2019 (GLOBE NEWSWIRE) — Och-Ziff Capital Management Group Inc. today announced that it changed its name to Sculptor Capital Management, Inc. (the “Company” or “Sculptor Capital”). 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.”
About Sculptor Capital
Sculptor Capital Management, Inc. is a leading global alternative asset management firm providing investment products in a range of areas including multi-strategy, credit and real estate. With offices in New York, London, Hong Kong and Shanghai, the Company serves global clients through commingled funds, separate accounts and specialized products. Sculptor Capital’s distinct investment process seeks to generate attractive and consistent risk-adjusted returns across market cycles through a combination of fundamental bottom-up research, a high degree of flexibility, a collaborative team and integrated risk management. The Company’s capabilities span all major geographies, in strategies including fundamental equities, corporate credit, real estate debt and equity, merger arbitrage, structured credit and private investments. As of September 1, 2019, Sculptor Capital had approximately $33.3 billion in assets under management. For more information, please visit Sculptor Capital’s website (www.sculptor.com).