Och-Ziff Capital Management Group's assets under management increased 2% in the quarter and 24% in the year ended Sept. 30 to $46.8 billion, its earnings report revealed on Tuesday.
Drivers behind the $9 billion net growth in assets over the year were net inflows of $6.4 billion and performance gains of $2.6 billion. The net inflows included $1.5 billion invested in Och-Ziff's third real estate fund launched earlier in 2014, the report stated.
“We believe that we are benefiting from the secular trend of the largest investors increasing their allocations to leading alternative asset managers across multiple asset classes,” said Daniel S. Och, chairman and CEO of the firm, in the earnings report.
Mr. Och also said assets managed on the firm's comparatively new alternative investment platforms featuring dedicated credit, real estate and long/short equity strategies have been growing over the year, reaching a total of $12.9 billion, or 28% of total assets, as of Sept. 30. The balance of assets as of Sept. 30, $33.9 billion, was managed in Och-Ziff's hedge fund family.
As of Sept. 30, 2013, Och-Ziff's hedge fund assets totaled $29.9 billion or 79% of assets, while its other investment approaches totaled $7.9 billion or 21% of assets, the earnings report showed.