Och-Ziff Capital Management’s hedge funds lost ground last month, it said in a regulatory filing.
The firm’s flagship OZ Master Fund shed 1.99% on the month and is essentially flat on the year. Also dropping into barely positive territory in March was Och-Ziff’s Europe Master Fund, which fell 1.21% last month.
Both funds are at least still marginally up on the year. The firm’s Asia Master Fund is now down 6.7% in 2014 after falling 4.06% last month.
The news was not all bad in March: While Och-Ziff’s funds struggled in the markets, it enjoyed a “particularly strong month” among investors, taking in $1.1 billion in new money.