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From Kirsten Bischoff, Opalesque New York:

On Tuesday, New York-based, public hedge fund firm Och Ziff Capital Management Group announced that assets under management (AuM) increased during 1Q2010 by $2.5bn, $1.6bn of which were net inflows (the remaining $900m driven by performance related appreciation).

The gains represent a 25% increase over assets of the first quarter of 2009. “We think the capital inflow cycle for the hedge fund industry is under way,” said Daniel Och, Chairman and CEO, during a call with analysts and investors.

Och said the firm had been a beneficiary of inflows into the hedge fund industry, and while he is confident that the trend would continue, he also warned that it would be difficult to predict the pace of inflows over the next months.

Overall, as assets have returned to the industry, investors have overwhelmingly showed a preference for larger, more established firms.

When pressed, Och attributed investor confidence in the firm to a combination of strong performance, and the transparency and infrastructure requirements the firm is required to upkeep due to being a publicly traded corporation.

Performance for the firm’s funds during Q12010 was:

Master Fund +3.6% (net) Europe Master Fund +5.1% (net) Asia Master F......................

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