Och-Ziff Capital Management's assets under management totaled $36.6 billion as of June 30, up 4.6% in the second quarter and 22.4% for the year, according to the alternative investment manager's second-quarter earnings report released Friday.
Among OZCAP's various investment strategies, its collateralized debt obligation funds had the best growth in the six months ended June 30, up 118% to $2.2 billion, followed by the firm's credit funds, which rose 61% to $3.8 billion.
OZCAP's Asia Master Fund experienced the biggest loss of assets in the first half of the year, down 15% to $1.2 billion.
Och-Ziff reported GAAP net income of $4.9 million during the second quarter, compared with net income of $26.1 million during the previous quarter, and a net loss of $116.2 million in the second quarter of 2012.
As of Aug. 1, Och-Ziff's assets rose to $36.7 billion, which includes investment gains of $2.3 billion and net investor inflows of $1.8 billion since Dec. 31, the statement said. The firm's assets as of Dec. 31 totaled $32.6 billion.
“Pension funds remain our largest source of new capital on a year-to-date basis through Aug. 1, and private banks have also been a substantial contributor to our net inflows,” said Daniel S. Och, OZCAP's chairman and CEO, in the earnings report.
