Welcome to our dedicated page for Sculptor Capital Management news (Ticker: SCU), a resource for investors and traders seeking the latest updates and insights on Sculptor Capital Management stock.
Sculptor Capital Management, Inc. (NYSE: SCU) provides institutional investors with sophisticated hedge fund strategies across global markets. This news hub offers essential updates on SCU's investment decisions, corporate governance, and shareholder value initiatives.
Find verified information about portfolio management approaches including structured credit investments and merger arbitrage strategies. The repository includes official communications regarding board-level decisions, institutional client service enhancements, and significant stakeholder developments.
All content maintains factual reporting on operational milestones without speculative commentary. Financial professionals and investors can monitor multi-strategy fund performance updates and risk management practices through curated press releases.
Bookmark this resource for efficient tracking of SCU's market position within alternative asset management. Regular updates ensure timely awareness of developments impacting the firm's institutional investment services.
Sculptor Capital Management (NYSE: SCU) announced the formation of a special committee of independent directors to explore third-party transactions aimed at maximizing shareholder value. The committee retained PJT Partners for financial advisory and Latham & Watkins LLP for legal counsel. Following a settlement with former executives over a books and records lawsuit, the company aims to provide additional company records. Chair Marcy Engel emphasized a commitment to a fair process, while Daniel S. Och expressed support for the initiative. No assurance of a completed transaction was given.
Sculptor's Independent Board Members and CEO Jimmy Levin addressed recent allegations from Dan Och in a court filing, mentioning a past incident from Levin's teenage years. Levin, exonerated 20 years ago following a thorough review, highlighted Och's prior support and promotions despite the past issue. The conflict escalated after Levin supported governance changes post a bribery settlement in 2016. Levin expressed disappointment in Och's actions, asserting that they would not deter the firm’s focus on client services and their mission.
Sculptor Capital Management (NYSE: SCU) has issued a statement addressing Dan Och’s recent court filing, labeling it as misleading. The company emphasizes its commitment to corporate governance and its efforts to recover from past government sanctions linked to Och. Sculptor highlights significant reforms undertaken after separating from Och, asserting that his actions will not distract from their mission to deliver results for clients and shareholders. As of August 1, 2022, Sculptor manages approximately $36.6 billion in assets.
