Opportunistic Approach Across Strategies and Geographies

Our multi-strategy platform employs an opportunistic approach that enables us to capitalize on investment opportunities across asset classes and geographies. Our global investment team is tasked with identifying, analyzing, structuring and implementing positions across investment strategies and regions.

With investment professionals across North America, Europe and Asia, we are able to identify opportunities from multiple angles and multiple disciplines. Our collaborative culture and team-oriented incentive structure allow capital to flow freely to our most compelling ideas.

Established Global Platform

24

Years of experience managing multi-strategy assets across North America, Europe and Asia

$11.5 billion

Assets under management in Oz Management's multi-strategy products as of September 30, 2018

Years of experience managing multi-strategy assets across North America, Europe and Asia

Assets under management in Oz Management's multi-strategy products as of September 30, 2018

Collaborative Portfolio Management

The Portfolio Committee (PC) is responsible for managing the Firm’s multi-strategy platform in a dynamic process that incorporates the diverse views, opinions and expertise of our most senior investment leadership.

The composition of the PC’s membership enables our multi-strategy platform to allocate capital quickly and thoughtfully to what we believe to be the best ideas. Investment professionals across our global investment team are responsible for identifying dislocations and opportunities at the security, asset class and geographic level. Extensive due diligence is conducted on individual companies and situations. The PC evaluates and compares individual investments and the overall opportunity set in each geography and strategy to shape allocation and positioning, with the goal of constructing diversified, optimized portfolios. Risk is monitored via a rigorous top-down approach, with a combination of quantitative and qualitative tools, in order to assess the portfolios’ exposure to various market shocks, factor dynamics, hidden biases and other variables.

The PC continuously monitors our multi-strategy performance, evaluates relative risk/reward and addresses global macroeconomic trends.

Portfolio Committee Members

Jimmy Levin Chief Investment Officer

Ghassan Ayoub Head of Convertible and Derivative Arbitrage

Adrian Croxson Head of European Equities

Nathaniel Ewing Director of Equity Research

Brett Klein Head of U.S. Corporate Credit

Jeffrey Lin Head of U.S. Equities

Akhil Mago Head of U.S. Structured Credit

Peter Wallach Head of Risk Management

Global Investment Strategies

Equities

Equities focuses on opportunities in public equity markets across the globe. The Equities team evaluates situations from multiple angles and multiple disciplines with investment professionals in North America, Europe and Asia. Sector-oriented fundamental analysts work in close collaboration with experts in corporate actions such as mergers and acquisitions, spin-offs and exchange offers.

Equities focuses on identifying investments with favorably skewed pay-off profiles in the form of long ideas, short ideas or relative value/arbitrage ideas, which are executed through the Long/Short Equity Special Situations and Merger Arbitrage investment strategies.

Long/Short Equity Special Situations

  • Opportunistic investment approach that fuses research-driven fundamental views and process-oriented expertise in corporate actions/events
  • Focus on bottom-up, idiosyncratic situations with a bias toward those with defined catalysts, events or other elements of corporate change and complexity

Merger Arbitrage

  • Selective approach dedicated to investing in situations in which we maintain a differentiated view of the outcomes in merger-related situations
  • Focus on investments with favorably skewed payoff profiles, often with wide gross spreads — not “rate of return” arbitrage
Credit

Credit invests in complex situations across global corporate and structured credit markets, including liquidations and restructurings. Credit seeks to generate strong risk-adjusted returns by capturing value in mispriced investments across disrupted, dislocated and distressed situations in the Corporate Credit and Structured Credit investment strategies.

Corporate Credit

  • Event-driven strategy focused on complex distressed situations, restructurings and bankruptcies
  • Analysis across the capital structure, focusing on downside scenarios, valuation and risk management

Structured Credit

  • Active strategies across securitized products, including residential and commercial mortgage-backed securities, CLOs and CDOs
  • Utilize process-driven approach to unlock value in complex, often misunderstood structures
Convertible and Derivative Arbitrage

Convertible and Derivative Arbitrage focuses on opportunities in North America, Europe and Asia. With a broad geographic presence and experienced technical capabilities, Convertible and Derivative Arbitrage seeks to identify attractive investment opportunities for our investors. The Convertible and Derivative Arbitrage team’s investing acumen is supported by proprietary analytical tools developed and refined over the past two decades.

Convertible and Derivative Arbitrage

  • Identify and exploit situations where we believe an opportunity exists for convergence between market price and theoretical value
  • Capitalize on structural supply/demand mismatches in various markets, including commodities and volatility
Private Investments

Private Investments selectively and opportunistically pursues longer-dated and less liquid investments across asset classes, including credit, equity, real estate and energy.

Private Investments

  • Flexible capital mandate allows for participation in niche opportunities across sectors and regions, leveraging global presence and expertise to identify and source investments

Important Information and Disclosures

THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT OR OTHER PROFESSIONAL ADVICE. This video has been prepared by Och-Ziff Capital Management Group LLC (together with its affiliates, “Oz Management”), and the information contained herein is not intended to be taken by, and should not be taken by, any individual recipient as investment, legal, accounting, tax or other professional advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security; no fiduciary, advisory or client relationship is created through this video. For information about Oz Management’s business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

NEITHER THIS VIDEO NOR ANY OF THE INFORMATION HEREIN CONSTITUTES AN OFFER OF OR SOLICITATION FOR ANY OZ MANAGEMENT FUND. Offers or solicitations for an investment in an investment fund managed or sponsored by Oz Management (a “Fund”) only occur through a confidential private placement memorandum and related purchase documentation, and subject to the terms and conditions contained in such documents and in such Fund’s operative agreements. Those who access this video or any information contained herein do so at their own initiative and are responsible for compliance with local laws or regulations.

THIS VIDEO IS NOT A RECOMMENDATION FOR ANY SECURITY OR PORTFOLIO COMPANY. References to any portfolio companies and asset classes are intended to illustrate the application of Oz Management’s investment process only and should not be used as the basis for making any decision about purchasing, holding or selling any securities. Nothing herein should be interpreted or used in any manner as investment advice.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Any past performance of Oz Management or any Fund or portfolio company discussed in this video is not necessarily indicative of the performance of any other Fund, portfolio company or of Oz Management as a whole, and you should not assume that investments in the future will be profitable or will equal the performance of past investments.

DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video may constitute “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. “Forward-looking statements” often include words such as “anticipates,” “estimates,” “projects,” “intends,” “plans,” “believes,” and terms of similar substance. Forward-looking statements are inherently susceptible to uncertainty and changes in circumstances and actual results may diverge materially from those in Oz Management’s forward-looking statements. None of Oz Management or any of its representatives makes any assurance as to the accuracy of any such predictions or forward-looking statements. Oz Management expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements.

Any views or opinions expressed herein reflect the views and opinions of the participants as of the date it was recorded and such views and opinions are subject to change without notice. Oz Management has no obligation to update the information contained herein.

EXTERNAL SOURCES. Certain information contained herein may be based on or derived from information provided by independent third-party sources. Although Oz Management believes such information is accurate and the sources from which it has been obtained are reliable, we have not independently verified the assumptions on which such information is based and therefore make no representation as to its accuracy or completeness.

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