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Alternative Market Briefing

Och-Ziff reports 13% rise in assets y-o-y to reach $48.3bn

Wednesday, May 06, 2015

Komfie Manalo, Opalesque Asia:

Och-Ziff Capital Management Group LLC reported on Tuesday that its assets under management (AuM) had increased by 13% year-over-year to $48.3bn as of March 31, 2015.

"During the first quarter, the investment performance of our funds was strong, and we continued to make progress in diversifying our product offerings and sources of assets under management," said Daniel S. Och, chairman and chief executive of Och-Ziff. "Investor interest in our funds remains high, and reception to our new product offerings has been positive."

Och-Ziff reported GAAP net income allocated to Class A Shareholders of $25.9m, or $0.15 per basic and $0.14 per diluted Class A Share, for the first quarter ended March 31, 2015. The Company also declared a $0.22 per share cash dividend on its Class A Shares for the 2015 first quarter.

AuM in the company's multi-strategy products totaled $33.9bn, increasing 4% year-over-year.

AuM for the OZ Master Fund, the company's global multi-strategy fund, were $27.7bn as of March 31, 2015, increasing 7% year-over-year. The fund generated a net return of 3.8% through March 31, 2015, and an annualized net return since inception of 12.9%. For April 2015, the estimated net return was -0.2%. YTD net returns reflect the particularly strong performance of the fund's long/short equity special situati......................

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