Och-Ziff increases assets by $700m during March
OCH-Ziff Capital Management increased its assets under management by $700m (£458m) in March, according to a regulatory filing.
In a report to the Securities and Exchange Commission, the New York-based hedge fund said assets under management stood at roughly $25.3bn on 1 April, with its large increase due to investment gains and new money from investors.
The company OZ Master Fund was up 1.14 per cent for the month – its 15th consecutive rise. Meanwhile its Asia Master Fund gained 4.01 per cent over the month, leading to an overall 5.23 per cent increase over the year.
February was the only month of last year when any of Och-Ziff’s funds showed losses. All of the company’s funds were up double digits last year except for one dedicated to special investments, which was up 8.3 per cent. The run of profits is welcome news after its main hedge fund lost more than 15 per cent in 2008.