Sculptor Capital Management, Inc. is a publicly owned hedge fund sponsor. The firm provides investment advisory services to its clients. It primarily caters to institutional investors, which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices. The firm also manages separate client-focused equity, fixed income, and real estate separate accounts. It also manages commingled funds and specialized products. The firm invests in equity, fixed income and real estate markets across the world. It employs quantitative and qualitative analysis to make its investments through a combination of fundamental bottom-up research, a high degree of flexibility, and integrated risk management. For its multi-strategy portfolios, the firm employs strategies like convertible and derivative arbitrage, corporate credit, long/short equity special situations, buyout investments, merger arbitrage, private investments, and structured credit. It also invests in real estate and traditional real estate assets including multifamily, office, hotel and retail, loans, portfolio acquisitions, loan pools, operating companies, structured debt products, public securities, and non-traditional real estate assets including gaming, distressed land and residential, cell towers, parking, golf, debt and senior housing. For private equity investments, it considers investments in a variety of special situations that seek to realize value through strategic sales or initial public offerings. The firm was previously known as Och-Ziff Capital Management Group Inc. Sculptor Capital Management, Inc. was founded in 1994 and is based New York, New York.
IPO Year:
Exchange: NYSE
Website: sculptor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2022 | $8.50 → $12.50 | Neutral → Outperform | Credit Suisse |
| 10/19/2022 | $9.50 | Neutral | Credit Suisse |
- SEC Filing
- SEC Filing
In a new turn of events, Boaz Weinstein and his consortium of esteemed investors, including William Ackman and Marc Lasry, have enhanced their bid for Sculptor Capital Management (NYSE:SCU). The updated offer at approximately $13 per share surpasses their earlier proposal, potentially outpacing the standing agreement with Rithm Capital Corp (NYSE:RITM). Weinstein's reinvigorated bid, marked at nearly a 60-cent increase from its initial proposal, places the esteemed investor and his coalition in a formidable position to seize control over Sculptor. The drama unfolds in the backdrop of Sculptor's tentative agreement from late July with Rithm Capital, a real estate investment firm, valuing
Rithm Capital Corp (NYSE:RITM) penned a deal with Computershare Ltd (OTC:CMSQF) for the acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (SLS), for about $720 million. The buyout comprises an unpaid principal balance (UPB) of mortgage servicing rights worth about $136 billion, of which $85 billion is third-party servicing, along with SLS's origination services business. RITM plans to finance the acquisition through a combination of existing cash, available liquidity, and additional MSR financing. Following the deal closure, RITM will transfer SLS's portfolio and operations to its portfolio company, Newrez LLC.
American hedge fund manager and founder of Saba Capital Management, Boaz Weinstein and his consortium of bidders have updated their purchase offer for Sculptor Capital Management Inc (NYSE:SCU) in response to concerns outlined by the board's special committee in a recent proxy filing. This consortium, which includes billionaires such as Bill Ackman, Marc Lasry, and Jeff Yass, increased its offer by 51 cents per share the previous week. While Weinstein's offer remains at $12.76 per share, it has strengthened its equity commitments, removed risks associated with debt financing, and increased the damages it would pay if the transaction fails to materialize. Sculptor had previously accepted
"We call upon Sculptor to release more information about the $12.76 bid from the ‘Bidder J consortium.' We know that $12.76 is materially higher than the $11.15 Rithm bid, and it has been widely reported that the consortium includes Boaz Weinstein, Marc Lasry, Bill Ackman and Jeff Yass, some of the most acclaimed investors of the last 25 years. It seems evident that such a group could augment Sculptor's investment team while paying much more cash to the shareholders. Many shareholders and investors are eager to hear more about such a bid, and we urge the Board to do its fiduciary duty and waive the NDAs to maximize the bidding process and achieve the highest value for shareholders. The share
Latest Proposal Does Not Constitute a Superior Proposal; Board Reaffirms Recommendation With Respect to Proposed Transaction with Rithm Sculptor Capital Management, Inc. ("Sculptor" or the "Company") (NYSE:SCU) today announced that its special committee of independent members of the Company's Board of Directors (the "Special Committee") has received a series of revised, unsolicited, non-binding proposals from a consortium of bidders (the "Consortium") led by the founder of "Bidder J" as described in the Company's preliminary proxy statement filed with the Securities and Exchange Commission ("SEC") on August 21, 2023. Consistent with its fiduciary duties, the Special Committee, in consulta
Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ:META) is gearing up to launch a desktop version of its microblogging application, Threads. The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recently. Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry Amazon.com Inc (NASDAQ:AMZN) has reignited its external shipping service, Amazon Shipping, challenging its direct c
High-profile investors Boaz Weinstein, William Ackman, and Marc Lasry have presented a competing bid for hedge-fund firm Sculptor Capital Management Inc (NYSE:SCU), challenging a prior agreement to sell the firm to real-estate investment firm Rithm Capital Corp (NYSE:RITM) for approximately $639 million. In late July, Sculptor agreed to sell to Rithm Capital at $11.15 per Class A share, an 18% premium on the firm's closing price. The original deal would have allowed Sculptor's current management, headed by CEO James Levin, to remain in place. Weinstein's consortium, which had a previous offer rejected, has now increased its bid to more than $12 per share. If this new offer is successful, i
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Sculptor Board of Directors Recommends Stockholders to Vote "FOR" the Proposed Transaction at Special Meeting of Stockholders on November 16, 2023 Sculptor Capital Management Inc. (NYSE:SCU) ("Sculptor") today announced that leading proxy advisory firms Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis') recommend that Sculptor stockholders vote "FOR" its proposed merger with Rithm Capital Corp. (NYSE:RITM) ("Rithm") at Sculptor's special meeting of stockholders (the "Special Meeting") to be held on November 16, 2023. Marcy Engel, Chair of the Board of Directors of Sculptor, stated, "We are pleased that the two leading proxy advisory firms, ISS and Glass Lew
The Founding Partners of Sculptor Capital Management, Inc. ("Sculptor" or the "Company") (NYSE:SCU), which group is comprised of Daniel S. Och, Harold Kelly, Richard Lyon, James O'Connor and Zoltan Varga, today announced that they have entered into an agreement to support Rithm Capital Corp. (NYSE:RITM, "Rithm"))) in connection with its materially increased offer to acquire Sculptor for $12.70 per Class A share (the "Support Agreement"). Over the last 18 months, the Founding Partners have focused on increasing shareholder value. Through public statements and actions, we have sought to promote transparency and worked to ensure a competitive process open to all bidders. Specifically, sinc
Daniel S. Och and Other Former EMDs Have Entered into Binding Agreement to Vote Shares in Support of the Rithm Transaction and Dismiss their Pending Litigation Transaction Expected to Close Shortly After Sculptor Stockholders' Meeting Scheduled on November 16, 2023 Rithm Capital Corp. (NYSE:RITM, "Rithm"))) and Sculptor Capital Management Inc. (NYSE:SCU, "Sculptor"))) today announced they have amended the terms of their previously announced definitive merger agreement (the "Amended Agreement"), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A shareholders will re
Sculptor Capital Management, Inc.'s Special Committee of its Board of Directors today issued the following statement in response to a complaint filed in Delaware Chancery Court by Daniel S. Och, Harold Kelly, Richard Lyon, James O'Connor, and Zoltan Varga. "The Special Committee's role is to recommend the transaction that it believes is in the best interest of stockholders, based on price and certainty of closing. Contrary to Dan Och's assertions in the baseless lawsuit filed today that he too seeks to act in the best interest of stockholders, his ongoing campaign against the company, including his conduct throughout the Special Committee's process, has cost stockholders significant value
The Founding Partners of Sculptor Capital Management, Inc. ("Sculptor" or the "Company") (NYSE:SCU), which include Daniel S. Och, Harold Kelly, Richard Lyon, James O'Connor and Zoltan Varga, today filed a complaint against the Company, its directors (including the members of the Special Committee) and Rithm Capital Corp ("Rithm") in the Delaware Court of Chancery. The lawsuit seeks to stop the defendants from continuing to breach their fiduciary duties to the shareholders in connection with a proposed merger transaction between the Company and Rithm (the "Merger"). Specifically, to protect the shareholders' interests, the Founding Partners have asked the Court to enjoin: - Rithm and the C
Special Meeting to be Held on November 16, 2023 Sculptor Files Definitive Proxy Materials with SEC Rithm Capital Corp. (NYSE:RITM) ("Rithm") and Sculptor Capital Management Inc. (NYSE:SCU) ("Sculptor") today announced that they have amended the terms of their previously announced definitive merger agreement (the "Amended Agreement"), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A stockholders will receive $12.00 per share, representing an increase of 7.62% over Rithm's previously agreed price of $11.15 per Class A share announced on July 24, 2023, and an aggreg
NEW YORK, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, through its Toll Brothers City Living division, and Sculptor Real Estate ("Sculptor"), the real estate business of Sculptor Capital Management, Inc. (NYSE:SCU), are pleased to announce the unveiling of two decorated model homes at The Rockwell. Located at the corner of 103rd Street and Broadway on Manhattan's Upper West Side, The Rockwell offers 81 luxury condominiums and a full complement of exceptional amenities. The building was designed by Hill West with interiors by Whitehall Interiors. Named for the block where the iconic American artist Norman Rockwell was born,
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sculptor Capital Management, Inc. (NYSE:SCU) ("Sculptor Capital" or the "Company") investors that the firm has initiated an investigation into a potential breach of fiduciary duty claims against the Board of Directors of Sculptor Capital Management and may file a lawsuit on behalf of investors. Sculptor Capital investors are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click
NEW YORK, Aug. 31, 2023 /PRNewswire/ -- Rob Shafir, who owns an approximately 6.2% equity stake in Sculptor Capital Management, Inc. (NYSE:SCU), today released an open letter to the Special Committee of the Board of Directors. Special Committee members, I am the former Chief Executive Officer of Sculptor Capital Management, Inc. ("Sculptor" or the "Company") and one of the Company's largest shareholders, owning 6.2% of the Class A common stock. I have remained a large shareholder for years because I believe in Sculptor's long-term value creation potential. However, I recently concluded that it is the right time for the Company to be sold. My interests are fully aligned with all common shareh
The Founding Partners of Sculptor Capital Management, Inc. ("Sculptor" or the "Company") (NYSE:SCU), which include Daniel S. Och, Harold Kelly, Richard Lyon, James O'Connor and Zoltan Varga, today commented on the recent disclosure that the Sculptor Special Committee of the Board of Directors has rejected a $12.76 per share offer by a consortium of well-known investors (identified as Bidder J in Sculptor disclosures). The Special Committee has disclosed its continued support for an $11.15 per share offer from Rithm Capital Corp ("Rithm") (NYSE:RITM)). The Founding Partners said: "We call upon Sculptor to release more information about the $12.76 bid from the ‘Bidder J consortium.' We kn
Credit Suisse upgraded Sculptor Capital from Neutral to Outperform and set a new price target of $12.50 from $8.50 previously
Credit Suisse initiated coverage of Sculptor Capital with a rating of Neutral and set a new price target of $9.50
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Daniel S. Och and Other Former EMDs Have Entered into Binding Agreement to Vote Shares in Support of the Rithm Transaction and Dismiss their Pending Litigation Transaction Expected to Close Shortly After Sculptor Stockholders' Meeting Scheduled on November 16, 2023 Rithm Capital Corp. (NYSE:RITM, "Rithm"))) and Sculptor Capital Management Inc. (NYSE:SCU, "Sculptor"))) today announced they have amended the terms of their previously announced definitive merger agreement (the "Amended Agreement"), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A shareholders will re
Special Meeting to be Held on November 16, 2023 Sculptor Files Definitive Proxy Materials with SEC Rithm Capital Corp. (NYSE:RITM) ("Rithm") and Sculptor Capital Management Inc. (NYSE:SCU) ("Sculptor") today announced that they have amended the terms of their previously announced definitive merger agreement (the "Amended Agreement"), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A stockholders will receive $12.00 per share, representing an increase of 7.62% over Rithm's previously agreed price of $11.15 per Class A share announced on July 24, 2023, and an aggreg
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company"))) today reported the following information for the second quarter ended June 30, 2023: Second Quarter 2023 Financial Highlights: GAAP net income of $357.4 million, or $0.74 per diluted common share(1) Earnings available for distribution of $297.9 million, or $0.62 per diluted common share(1)(2) Common dividend of $120.8 million, or $0.25 per common share Book value per common share of $12.16(1) Q2 2023 Q1 2023 Summary Operating Results: GAAP Net Income per Diluted Common Share(1) $ 0.74 $ 0.14
Together, Rithm and Sculptor form a strong partnership offering global investors best in class investment capabilities across multiple asset classes. Rithm Capital to host a conference call today at 8:00 AM ET. Rithm Capital Corp. (NYSE:RITM, "Rithm"))), an asset manager focused on the real estate and financial services industries, and Sculptor Capital Management Inc. (NYSE:SCU, "Sculptor"))), a global alternative asset manager with $34 billion in assets under management ("AUM")(1), today announced entry into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million(2), which includes $11.15 per Class A share of Sculptor. This
NEW YORK, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2021. This quarter, there are constituent changes within five of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX), the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY) and
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