Och-Ziff Capital Management Group assets under management were $33 billion as of Sept. 30, down 2.7% from the June 30 figure and up 1% from Sept. 30, 2017, according to the alternative investment firm's earnings report released Friday.
Och-Ziff estimated its AUM as of Nov. 1 was $32.3 billion.
The firm said its increase in AUM for the 12 months ended Sept. 30 was primarily due to performance-related appreciation and the closing of additional collateralized loan obligations as well as an aircraft securitization by its credit business. These gains were partially offset by net outflows in Och-Ziff's multistrategy funds and distributions from some multistrategy funds that the firm closed.
The firm had total net inflows of $500 million in the quarter, compared to $1.25 billion of net inflows in the quarter ended June 30.
The company's multistrategy hedge funds continued to have net outflows of $1.1 billion, compared with net outflows of $367 million in the prior quarter and $1.8 billion in the quarter ended Sept. 30, 2017.