Why Och-Ziff Capital Management Group LLC Stock Popped Today

By Jordan WathenFool.com

What: Shares of Och-Ziff Capital Management Group LLC were trading higher by 10.2% at 2:30 p.m. EST today.

Continue Reading Below

The company reported positive November fund results and separately received a recommendation from analysts at Bank of AmericaMerrill Lynch (BAML).

So what: In an 8-K filed with the SEC, Och-Ziff Capital reported the net returns for its most significant alternative investment vehicles. These returns are as follows:

Data source: SEC filings.

The company also reported that as of Dec. 1, 2015, its assets under management climbed to $44.6 billion, a $200 million increase from Nov. 1, 2015. BAML added the company's stock to its U.S. 1 List, while giving it a buy rating and a $10 price target.

Now what: Och-Ziff's positive performance across its largest funds is welcomed by the market, which has punished the stock for declining AUM throughout 2015.

In the nine months ended Sep. 30, 2015, Och-Ziff's funds had collectively lost $1.7 billion in AUM due to outflows, primarily driven by nearly $4.2 billion of outflows from its multi-strategy funds. While one month doesn't make a trend, positive performance and AUM growth does help temper the view that Och-Ziff's AUM can only go down.

The article Why Och-Ziff Capital Management Group LLC Stock Popped Today originally appeared on Fool.com.

Jordan Wathen has no position in any stocks mentioned. The Motley Fool recommends Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.