Och-Ziff Funds Rise In January

Feb 2 2011 | 11:51am ET

All four of Och-Ziff Capital Management's hedge funds rose with the stock market last month, posting strong months that helped push the firm's assets under management up another $800 million.

The New York-based firm said its flagship OZ Master Fund rose 1.62% in the first month of the year, adding to the 8.44% it returned last year but lagging the Standard & Poor's 500 Index, which rose 2.26% for its best January in five years.

Och-Ziff's Europe Master Fund did manage to top the S&P, rising 2.35% on the month. Its Global Special Investments Master Fund added 1.96% in January and its Asia Master Fund 1.09%.

The performance gains, combined with inflows, mean Och-Ziff is managing 2.9% more today than it was at the beginning of the year. The firm's assets under management now stand at $28.4 billion.


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