Oz Management LP (New York)


Oz Management LP is a large advisory firm based in New York. It manages $43.05 billion of regulatory assets for 131 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of New York.

Oz Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oz Management: assets under management

The assets under management (AUM) of Oz Management LP is $43.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and $37.05 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $43.05 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $328.61 million each.
Oz Management has custody of $23.64 billion in cash and securities for 53 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in derivatives the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oz Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Oz Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Oz Management is pooled investment vehicles with 130 clients and $42.93 billion of assets under management. Among the 10 most similar advisory firms, Oz Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $43.05 billion for 131 clients. 65% of the firm’s clients are foreign persons or businesses.

Oz Management also advises several private funds. Namely, sixty six hedge funds, twenty two real estate funds, two other private funds, four private equity funds, and twenty five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Oz Management LP

The company employs 421 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Thomas Michael Sipp joined the executive team most recently as the Chief Financial Officer And Executive Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Daniel Saul Och Chief executive officer and executive managing director 1 Jan 1998 25% - 50% 1078046
David Windreich Executive managing director and head of u.s. and european investing 1 Jan 1998 Other 1077326
Joel Martin Frank Chief financial officer, senior chief operating officer and executive managing director 1 Jan 1998 Other 1825973
Hal Kelly Managing director, convertible arbitrage unit 1 Jan 1998 Other 2415926
Michael Leslie Cohen Research analyst 1 Jan 1998 Other 2832316
Raaj J Shah Research analyst 1 Jan 1998 Other 2641494
Ziff Investors Partnership L.P. Ii A Non-managing member 1 Jan 1998 Other 13-4028713
Hal Kelly Non-managing member 1 Jan 1999 Other 2415926
Joel Martin Frank Non-managing member 1 Jan 1999 Other 1825973
Michael Leslie Cohen Non-managing member 1 Jan 1999 Other 2832316
Kaushik Ghosh Convertible strategist 1 Jan 2000 Other 2555404
Raaj J Shah Non-managing member 1 Jan 2001 Other 2641494
Kaushik Ghosh Non-managing member 1 Jan 2003 Other 2555404
James Kenneth O'connor Non-managing member 1 Jul 2003 Other 1995149
James Keith Brown Non-managing member 1 Jul 2003 Other 4021410
Steven Edward Orbuch Senior principal and limited partner for och-ziff real estate advisors lp only 1 Nov 2003 Other 2529094
Richard Eugene Lyon Non-managing member 1 Dec 2003 Other 2249669
Boaz Sidikaro Non-managing member 1 Jan 2004 Other 2774253
Joshua Ross Non-managing member 1 Jan 2005 Other 4940602
David Stonehill Non-managing member 1 Apr 2005 Other 4940609
Oz 2004 Investment Partners Lp Non-managing member for och-ziff real estate advisors lp only 1 May 2005 75% - 100% 83-0420954
Jeffrey Charles Blockinger Chief compliance officer/chief legal officer 1 Jan 2006 Other 5084616
Massimo Bertoli Non-managing member 1 Jan 2007 Other 4390055
Och Ziff Holding Corporation General partner 1 Nov 2008 25% - 50% 26-1325721
Sculptor Capital Holding Corporation General partner 1 Nov 2008 25% - 50% 26-1325721
L.L.C. Ziff Investment Management Limited partner 1 Nov 2008 Other 13-4028713
Zoltan Varga Responsible officer of och-ziff capital management hong kong limited only and board of director of ozhk 1 Dec 2008 Other 2783140
Oz Management Lp Limited partner 1 Mar 2009 Other 13-3980578
Och Ziff Holding Ii Llc General partner 1 Mar 2009 Other 26-4500654
Wayne Cohen Chief operating officer and executive managing director 1 Sep 2009 Other 6631362
Wayne Nathan Cohen Chief operating officer and executive managing director 1 Sep 2009 Other 6631362
Andrew Joshua Frank Chief executive officer of och-ziff management europe limited only and executive managing director 1 Mar 2013 Other 6178938
David Mayer Becker Chief compliance officer, chief legal officer and executive managing director 1 Jul 2014 Other 6371395
Paula Nicole Drake Chief compliance officer and managing director 1 Sep 2015 Other 4361073
Joseph Anthony Brucchieri Chief executive officer of och-ziff management europe limited only 1 Oct 2015 Other 6565804
Alesia Jeanne Haas Chief financial officer and executive managing director 1 Dec 2016 Other 3266023
David Michael Levine Chief legal officer, executive managing director 1 Jan 2017 Other 6751903
James Levin Co-chief investment officer and head of global credit 1 Feb 2017 Other 6917756
Robert Charles Mendelson Chief compliance officer and executive managing director 1 Mar 2017 Other 3225169
Robert Scott Shafir Chief executive officer 1 Feb 2018 Other 1310966
James Levin Chief investment officer and executive managing director 1 Feb 2018 Other 6917756
Thomas Michael Sipp Chief financial officer and executive managing director 1 May 2018 Other 2407526

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Och Ziff Capital Management Group Llc Sole shareholder of the general partner of oz management lp 1 Nov 2007 75% - 100% 26-0354783
Och Ziff Capital Management Group Inc. Sole shareholder of the general partner of oz management lp 1 Nov 2007 75% - 100% 26-0354783
Inc. Sculptor Capital Management Sole shareholder of the general partner of sculptor capital lp 1 Nov 2007 75% - 100% 26-0354783

Based in New York

The principal office where Oz Management LP performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-790-0000 or by fax 212 887-4924. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ozcap.com and its LinkedIn profile.