Och-Ziff assets rise 6.3% for quarter, 23.3% for year

Och-Ziff Capital Management Group's assets under management totaled $40.2 billion as of Dec. 31, an increase of 6.3% from three months earlier and 23.3% higher than a year earlier, according to the company's earnings report released Thursday.

Och-Ziff's collateralized debt obligation funds had the most growth of all of its investment strategies in 2013, with $2.6 billion in AUM, up 164% from a year earlier. Credit funds had the next-best growth, with $4.4 billion at the end of the year, an increase of 83% from the year before.

Two investment strategies had losses for the year: the OZ Europe Master Fund, dropping 27% to $1.4 billion for the year ended Dec. 31, and the OZ Asia Master Fund, down 4% to $1.3 billion in the same period.

Och-Ziff reported GAAP net income of $195.8 million during the fourth quarter, up from $24.9 million in net income during the third quarter and up from $50.7 million in GAAP net income for the fourth quarter of 2012. The full year's GAAP net income totaled $251.6 million. In 2012, the firm reported a GAAP net loss of $315.8 million.

“The growth of our assets under management last year was reflective of both our investment performance and increasing organic inflows,” said Daniel S. Och, chairman and CEO, in the earnings report. “Investor interest remains high across all our products, and we anticipate that this momentum will continue in 2014.”