Och-Ziff Reports Sharp Incentive-Based Income Decline

Feb 5 2015 | 9:37am ET

Och-Ziff Capital Management Group beat Wall Street analyst expectations despite reporting lower quarterly profits and declining incentive-based income.

Last year, incentive-based income plunged 53% to $416.2 million.

Management fees helped offset some of these losses. In 2014, company revenue from management fees increased 13% to $169.5 million, while the income of consolidated funds jumped 46% to $101.5 million. 

One of the few publicly traded hedge fund firms, Och-Ziff reported fourth-quarter distributable earnings of $255.4 million or $0.50 per class A share, beating analysts’ per-share calls of $0.32. This was still a sharp decline from $1.15 per share last year.

The firm’s assets under management (AUM) jumped 18% on the year to reach a record $47.5 billion as of Dec. 31.

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