Och-Ziff Capital Management Group reported $48.3 billion in assets under management as of March 31, up 1.7% in the quarter and up 13.4% in the 12-month period.
Asset growth during the year ended March 31 was driven by performance gains of $3.3 billion and net inflows of $3.5 billion, and was tempered by distributions and “other reductions” of $1.1 billion, Och-Ziff's Tuesday earnings statement showed.
Among the firm's various alternative investment offerings, institutional credit strategies had the highest growth rate of 13.5% in the three months and 126.9% in the year ended March 31 to $5.9 billion.
As of the same date, OZ opportunistic credit funds also enjoyed fairly strong growth of 2% in the quarter and 8.3% in the year to $5.2 billion, but were surpassed by the 5% quarterly growth and the 23.5% growth during the year of the company's real estate funds to $2.1 billion.
By contrast, Och-Ziff's multistrategy hedge fund assets declined slightly by 0.6% to $33.9 billion in the first quarter of 2015, but were up 4.3% in a year-to-year comparison, according to the earnings statement.
Och-Ziff has been diversifying its investment capabilities beyond its roots as a multistrategy hedge fund manager, Daniel S. Och, chairman and CEO, told analysts on the firm's earnings call.
