Sculptor Capital Management, Inc.
sculptor.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 8, 2023. Its latest SEC filing is a SC 13D/A from Mar 21, 2024.
10-Q for Q3 FY2023, filed Nov 8, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Manages investment funds and tailored investment products across credit, real estate and multi-strategy investments for institutional investors.
10-K for FY2022, filed Mar 3, 2023Sculptor Capital is a leading institutional alternative asset manager, with approximately $35.9 billion in Assets Under Management as of…View ↗
Credit - Our credit platform comprises both opportunistic credit and Institutional Credit Strategies. Opportunistic credit focuses on…View ↗
Real Estate - Our real estate funds invest in opportunistic real estate private equity and real estate credit in both North America and…View ↗
How Did They Make Money?
Investors in its funds pay management fees based on assets under management and investment-performance fees. Management fees are generally paid quarterly in advance; performance fees are earned based on fund results over a commitment period.
10-K for FY2022, filed Mar 3, 2023Our primary sources of revenues are management fees, which are primarily based on the amount of our Assets Under Management, and incentive…View ↗
The Company provides asset management services to its customers, including certain administrative services related to the funds’…View ↗
Management fees for the Company’s multi-strategy funds typically range from 1.00% to 2.00% annually of fee-paying assets under management…View ↗
Management fees are generally calculated and paid to the Company on a quarterly basis in advance, based on the amount of Assets Under…View ↗
The Company earns incentive income based on the cumulative performance of the funds over a commitment period. The Company recognizes…View ↗
$419M
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10-K for FY2022, filed Mar 4, 2023
$419M ↗
Who Were Their Customers?
The firm serves investors through commingled funds, separate accounts and specialized products, including customized solutions for clients.
10-K for FY2022, filed Mar 3, 2023Sculptor Capital is a leading institutional alternative asset manager, with approximately $35.9 billion in Assets Under Management as of…View ↗
Credit - Our credit platform comprises both opportunistic credit and Institutional Credit Strategies. Opportunistic credit focuses on…View ↗
We manage multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products…View ↗
Did Revenues Turn Into Profits?
No. It lost $16.2M in FY2022.
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2023, filed Nov 9, 2023
−$31.1MView ↗
- ▲ +37% (Loss)
- vs −$22.7M in Q3 FY2022
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Nov 17, 2023
Rithm completed its acquisition of Sculptor, which was delisted.
The transaction closed on November 17, 2023; Sculptor’s common stock ceased trading on the New York Stock Exchange.
Sources
8-K, filed Nov 17, 2023
NEW YORK, November 17, 2023 – Rithm Capital Corp. (NYSE: RITM; “Rithm”) today completed its previously announced acquisition of Sculptor…View ↗
Shrank. Revenue fell 17% in 4 years, from $507.2M in FY2018 to $419M in FY2022, about 5% a year.
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