Friday, 1 August 2014
Last updated 6 hours ago
Apr 5 2010 | 1:34pm ET
Och-Ziff Capital Management’s hedge funds posted gains for their 12th consecutive month in March, as the firm’s assets under management grew by another $700 million.
The New York-based firm now manages $25.3 billion, up $5 billion from last April, when assets bottomed out at $20.3 billion, it said in a Securities and Exchange Commission filing. The firm has grown for nine straight months.
Och-Ziff’s flagship OZ Master Fund returned 1.14% last month, and is up 2.65% on the year. But that was dwarfed by the performance of its Asia Master fund, which jumped 4.01% on the month and is up 5.23% on the year. OZ Master has posted positive performance for 15 straight months.
Och-Ziff’s Global Special Investments Master Fund added 1.05% last month, and its OZ Europe Master Fund added 0.93%.