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.
