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Sculptor Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Sculptor Capital Management Group is a hedge fund firm in New York City with 124 funds and more than $45.47 billion in assets. There are 112 advisors at the firm, whose CEO is Robert Shafir and COO is Wayne Cohen. Hedge funds are the only type of fund -- and, in fact, the only clients -- at the firm.

If Sculptor Capital Management -- or hedge funds in general -- don’t seem like a good fit for you, consider working with a financial advisor.

Sculptor Capital Management Background

Sculptor was founded in 1995 by Daniel Och. It was originally known as Och-Ziff Capital Management Group but changed its name in 2019 (it also went by Oz Capital for a time before executives decided to go for a full-scale rebrand). The name changes were at least partially the result of a bribery scandal described below.

The firm is indirectly owned by Sculptor Capital Management, Inc., a publicly traded company available on the New York Stock Exchange.

Hedge funds are the only clients of the firm; it does not work with any high-net-worth individuals or other institutional investors.

Sculptor Capital Management Investment Philosophy

The following strategies are used at Sculptor:

  • Fundamental equities
  • Merger arbitrage
  • Corporate credit
  • Structured credit
  • Convertible and derivative arbitrage
  • Real estate
  • Private investments
  • Aviation

The firm invests across asset classes and uses investments from all over the world.

Largest Hedge Funds at Sculptor Capital Management

Sculptor Master Fund

AUM: $14,467,283,543
Minimum: None
Beneficial Owners: 1,001

Sculptor Overseas Intermediate Fund II

AUM: $5,444,555,228
Minimum: None
Beneficial Owners: 376

Sculptor Domestic Partners II

AUM: $3,586,526,570
Minimum: $10 million
Beneficial Owners: 237

Sculptor Overseas Fund II

AUM: $2,965,684,427
Minimum: $10 million
Beneficial Owners: 306

Sculptor SC II

AUM: $2,184,441,929
Minimum: None
Beneficial Owners: 27

Fees at Sculptor Capital Management

Funds with multi-strategy management pay between 1.25% and 2.25% of assets under management annually. For a credit strategy, it’s between 0.40% and 1.75%. Other funds have a management fee of between 0.75% and 1.75%. Collateralized loan obligations have fees generally ranging for 0.30% to 0.50%.

The following fee schedule applies to real estate funds:

Capital Commitment Management Fee
Up to and including $50 million 1.50%
$50 million to $100 million 1.25%
$100 million to $200 million 1.00%
$200 million and more 0.75%

There are also performance-based fees at many funds, generally 20% of the profit earned in a year.

What to Watch Out For

First off, remember that hedge funds are complicated investments not subject to stringent regulations. You must be an accredited investor to invest in any hedge fund.

Secondly, there are a number of disclosures on the record at Sculptor, most notably incidents involving bribery in Africa when the company was known as Och-Ziff Capital Management. It was accused of paying more than $100 million in bribes to officials in several African nations. These incidents spanned the period from 2007 to 2011 and aimed to obtain investments in Och-Ziff funds by African sovereign wealth funds. The firm’s founder, billionaire Daniel Och, was fined $2.2 million and Och-Ziff Capital Management was fined more than $400 million.

Becoming a Client of Sculptor Capital Management

The easiest way to contact Sculptor with questions is to call (212) 790-0000.

Investing Tips

  • Whether hedge funds seem like a good choice for you or not, consider working with a financial advisor. Finding the right financial advisor near you doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in just five minutes. If you’re ready to be matched with local advisors, get started now.
  • Fees aren’t all you have to worry about with hedge fund investments -- the government may take a piece of your earnings as well, in the form of capital gains tax.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research