Och-Ziff's AUM up 4.1% over quarter

Och-Ziff Capital Management Group's assets under management totaled $33.7 billion as of June 30, up 4.1% from the end of the previous quarter but down 0.7% from a year earlier, the company's earnings release said Friday.

The company attributed the quarterly increase in AUM to net inflows of $1.1 billion. In its first-quarter earnings statement issued May 9, the firm had net inflows of $100 million.

By asset class, the firm's institutional credit strategies had $14.7 billion in AUM as of June 30, up 10% from March 31 and up 15.5% from June 30, 2018.

Multistrategy funds had $9.8 billion in assets, down 5% from the previous quarter and down 23% from the same period a year prior.

Opportunistic credit funds had $6 billion in assets, up 4.1% from March 31 and up 9.2% from the year earlier.

Real estate funds had $2.9 billion in AUM, up 10.1% from the end of the previous quarter and up 16% from June 30, 2018.

Other strategies had $218 million in assets, down 2.7% from three months prior and down 45.4% from the same period a year ago.

Revenue for the company was $97.4 million for the second quarter, down 16.8% from the first quarter and down 7% from the second quarter of 2018. Meanwhile, Och-Ziff posted a net loss of $8.6 million for the quarter, vs. net income of $37.1 million in the first quarter and a net loss of $12.3 million for the quarter ended June 30, 2018.