Och-Ziff’s AUM up 3.3% in Q3, 21% in year

Och-Ziff Capital Management's assets under management totaled $37.8 billion as of Sept. 30, up 3.3% in the third quarter, 16% year-to-date, and 21% for the year, according to the alternative investment manager's earnings report released Tuesday.

Among OZCAP's various investment strategies, its collateralized debt obligation funds continued to have the best growth in the nine months ended Sept. 30, up 116% to $2.1 billion, followed by the firm's credit funds, which rose 76% to $4.2 billion.

OZCAP's Europe Master Fund experienced the biggest loss of assets in the three quarters of the year, down 23% to $1.5 billion.

Och-Ziff reported GAAP net income of $24.9 million during the third quarter, compared with net income of $4.9 million during the previous quarter, and a net loss of $127.5 million for the 2012 third quarter.

As of Nov. 1, Och-Ziff's assets rose to $38.5 billion, which includes investment gains of $3.5 billion and net investor inflows of about $2.4 billion since Dec. 31, the statement said. The firm's assets as of Dec. 31 totaled $32.6 billion.

“Pension funds and private banks remain the largest sources of our net inflows year-to-date. In addition to attracting new capital from our existing investors, we have made solid progress in establishing relationships with new investors,” said Daniel S. Och, OZCAP's chairman and CEO, in the earnings report.