Press Releases

Sculptor Capital Management Reports Third Quarter 2021 Results

New York, November 3, 2021

Sculptor Capital Management, Inc. (NYSE: SCU) today reported a GAAP Net Loss Attributable to Class A Shareholders of $4.3 million, or $0.17 per basic and diluted Class A Share, for the third quarter of 2021.

Third Quarter 2021 Highlights

  • Distributable Earnings[1][2] for the third quarter of 2021 were $35.3 million, or $0.58 per Fully Diluted Share
  • A cash dividend of $0.28 per Class A Share was declared for the third quarter of 2021, payable on November 22, 2021, to Class A Shareholders of record as of November 15, 2021
  • Sculptor Master Fund was up 1.4% net for the third quarter of 2021 and up 7.4% net year-to-date through September 30, 2021
  • Sculptor Credit Opportunities Master Fund and Sculptor Customized Credit Focused Platform were both up 2.4% net, for the third quarter of 2021 and up 14.4% and 14.1% net, respectively, year-to-date through September 30, 2021
  • Assets under management were $37.5 billion as of September 30, 2021, up $1.5 billion year-over-year which includes longer-term assets under management of $24.9 billion, up $430.2 million year-over-year
  • Adjusted net assets[1][3] grew by $90.7 million during the quarter to $392.6 million

October 2021 Update

  • Sculptor Master Fund was up 1.8% net month-to-date in October, bringing year-to-date performance to up 9.3% net through October 31, 2021
  • Sculptor Credit Opportunities Master Fund and Sculptor Customized Credit Focused Platform were up 0.5% and 0.8% net, respectively, month-to date in October, bringing year-to-date performance for both to up 15.0% net through October 31, 2021
  • As of November 1, 2021, assets under management were $37.2 billion

View full Earnings Press Release: here

Sculptor will hold a conference call on Thursday, November 4, 2021, 8:30 am ET. The call can be accessed by dialing +877-407-0312 (in the U.S.) or +201-389-0899 (international) or via webcast available on our website.

About Sculptor Capital Management

Sculptor Capital Management, Inc. is a leading global alternative asset management firm providing investment products in a range of areas including multi-strategy, credit and real estate. With offices in New York, London, Hong Kong and Shanghai, the Company serves global clients through commingled funds, separate accounts and specialized products. Sculptor Capital’s distinct investment process seeks to generate attractive and consistent risk-adjusted returns across market cycles through a combination of fundamental bottom-up research, a high degree of flexibility, a collaborative team and integrated risk management. The Company’s capabilities span all major geographies, in strategies including fundamental equities, corporate credit, real estate debt and equity, merger arbitrage, convertible and derivative arbitrage and structured credit. As of November 1, 2021, Sculptor Capital had approximately $37.2 billion in assets under management. For more information, please visit the Company's website (www.sculptor.com).

Investor Relations & Media Contact
Elise King
Head of Corporate Strategy and Shareholder Services
Sculptor Capital Management, Inc.
+1-212-719-7381
investorrelations@sculptor.com

FORWARD LOOKING STATEMENTS: PLEASE SEE PAGE 25 OF THIS PRESS RELEASE FOR DISCLOSURES ON FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.

[1] Distributable Earnings and adjusted net assets and their components are non-GAAP measures. For more information on and reconciliations of the Company's non-GAAP measures to the most directly comparable respective financial measures presented in accordance with GAAP, please see pages 19 through 22.

[2] Distributable Earnings is a measure of operating performance that equals Economic Income less amounts payable for taxes and tax receivable agreement and dividends accrued on the Preferred Units (whether paid or deferred).

[3] Adjusted net assets include cash, cash equivalents and United States (“U.S.”) government obligations, at fair value, investments in funds, excluding employee-related investments, and investments in CLOs, net of financing, reduced by principal outstanding of debt obligations and par value of Preferred Units.