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Oz Management is Revamping its Structure for the Future, Analysts Target Price

NEW YORK, NY / ACCESSWIRE / January 7, 2019 / Traders News Source, a leading independent equity researchand corporate access firm focused on small and mid-cap public companies isissuing a comprehensive report on Och-Ziff Capital Management Group LLC (NYSE: OZM), one of the largest institutional alternative asset managers in the world. As of December 1, 2018, Oz had approximately $32.3 billion in assets under management.

On December 6, 2018, the company announced a comprehensive strategic plan that includes a significant equity reallocation by Chairman Daniel S. Och and former executive managing directors to current executive managing directors, facilitates deleveraging of the Company's balance sheet, and converts the Company's tax classification from a partnership to a corporation.

Read more about the new structure at OZM and get the analysts targetprice READMORE

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Robert Shafir, Oz Chief Executive Officer, said, "We believe the suite of strategic actions we are announcing today solidifies Oz's future, providing long-term stability and setting the firm on a path for continued success. By materially increasing equity ownership by the current partners and taking steps to enhance our capital structure, we expect to be better positioned to serve our clients."

Effective April 1, 2019. The Company expects to make a final partnership distribution for the fourth quarter of 2018 on March 29, 2019 to shareholders of record at the close of business on March 22, 2019.

OZMhighlights, 2019 outlook and guidance READ MORE

Copyand paste to your browser may be required to view the report - https://tradersnewssource.com/oz/

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SOURCE: Traders News Source