L.P. (KKR), Fortress Investment Group (FIG), and Och-Ziff Capital Management Group LLC (OZM).
Och-Ziff's IPO is backed by a large team of underwriters, led by Goldman Sachs and Lehman Brothers.
Och-Ziff is a global alternative asset management firm headquartered in New York City.
Our work suggests that Och-Ziff has significant operating leverage to assets under management, and recent inflows bode well for both revenue growth and margin expansion.
Unlike its quoted peers, Och-Ziff Capital Management and Fortress Investments, GLG chose to float with a one-vote-per-share structure, although its founders do retain dominant stakes.
Finally, we believe Och-Ziff has a strong management team, solid track record of healthy risk-adjusted returns, market share gain opportunities, accelerating fund inflows, and an attractive valuation.
Outside of the technology sector, there are two companies, Och-Ziff Capital Management and URS Corporation, that possess unique characteristics that make for attractive investments, in our opinion.
The Oz Master Fund posted a 0.69% return in April and a year-to-date return of 4.08%, according to the SEC filing Och-Ziff Capital Management made on Tuesday.
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Och-Ziff will also want to avoid the fate of Fortress Investment Group, which went public in February in an IPO that received an enthusiastic reception but has since faltered.
Despite forging its strongest relationships with Goldman Sachs, the LWI also invested with Societe Generale, HSBC, JP Morgan, Carlyle Group, Lehman Brothers, and Och-Ziff Capital Management Group.
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In our view, Och-Ziff offers favorable long-term growth prospects, as inflows are beginning to accelerate and the company starts to benefit from increased secular demand for alternative asset managers with consistently strong performance records.
Additionally, Och-Ziff and Hoplite Capital established new positions.
Och-Ziff will also want to avoid the fate of Fortress Investment Group (nyse: FIG - news - people ), which went public in February in an IPO that received an enthusiastic reception but has since faltered.
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