Skip to main content

Once upon a time, Och-Ziff Capital Management was the largest publicly-traded hedge fund in the world and a giant in the industry. But after some African unpleasantness, massive losses and even more massive consequent redemptions, the name had lost a bit of luster, and in the aftermath, although he successfully steered the firm away from oblivion, Dan Och did nothing to endear his name to those who would inherit his namesake. And so, now with no Och and no Ziffs (or, at least, less Ziff), Och-Ziff is not gonna be Och-Ziff anymore.

The New York-based firm decided it needed a reboot to reflect the departure of its founder -- Dan Och. It also helps to distance itself from recent legal troubles that have caused a massive client exodus.

And while you could argue that, given the events of the past several years, no name could be worse than Och-Ziff, allow us to remind you that naming a hedge fund is hard. Or, better yet, allow the hedge fund formerly known as Och-Ziff to remind you.

At Och-Ziff Capital Management Inc., executives sought out branding professionals and spent tens of thousands of dollars to come up with a new name: Sculptor Capital Management.

The $33 billion firm chose Sculptor because it "evokes the dedication, persistence and vision that embody what we strive for daily as stewards of your capital," according to a letter sent Monday to investors.

I guess all of the weighty, heavy names were taken, so they just went with the name of someone that works with weighty, heavy things? $40,000 to $400,000 well spent.

Goodbye Och-Ziff. Hello, Sculptor. Hedge Fund Tries New Name [Bloomberg]


By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

America Not The Only Thing Putting Painful Chapter Behind It This Week

The former Och-Ziff Capital Management is done with its bribery dealings.

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

Dan Och Doesn’t Live In New York Anymore, But He Does Have A $95 Million Apartment There

Which is only slightly less than his former firm owes to investors due to the bribery.


Local Man Goes On Television To Explain The Obvious

Were you wondering why Och-Ziff Capital Management changed its name? Me either, but allow CEO Rob Shafir to allude to the reasons in broad strokes.


Turns Out Hedge Fund Bribery Does Have Victims

Och-Ziff may not be Och-Ziff anymore, but it’s still paying dearly for Och-Ziff’s crimes.

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

Dan Och: I Never Saw Any Proof The Man I Picked To Succeed Me Wasn’t A Rapist

Sure, I gave him $300 million anyway, but that was before I found a super-secret extra-convenient second source on the alleged sexual assault.

This is fun.

Sculptor Calls Bullsh*t On Dan Och’s Savior Complex

Remember all the bribing on your watch that required saving from in the first place, Danny?

This is fun.

Dan Och May Have Sold His Soul To The Devil

Something’s got to account for Och-Ziff’s escape from its downward spiral.