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Two of the very few U.S. hedge funds to publicly report their returns went in different directions last month. Och-Ziff Capital Management (NYSE:OZM) said that all four of its funds posted gains last month, while Greenlight Capital (NASDAQ:GLRE) suffered a 2% loss on the month. Third Point, which does not publicly report its returns, also saw gains across the board in March.

Och-Ziff reported in a Securities and Exchange Commission filing that its flagship returned 0.48% last month and is up 3.36% in the first quarter. That was topped by its Global Special Investments fund, which returned 0.59% in March and 4.62% in the quarter. Och-Ziff's Asia and Europe funds returned 0.4% and 0.36%, respectively.

The firm also said its assets under management rose to $29 billion on the month.

New York-based Third Point had an even better month (and is having a much better year). The firm's funds rose between 0.8% and 1.2% in March, Dealbreaker.com reports; its flagship Offshore fund was up 0.9% last month and 8.6% year-to-date, while its Ultra fund added 1.2% on the month and is up 11.7% on the year.

Greenlight, whose returns are reported by reinsurer Greenlight Capital Re, which invests its premiums with the hedge fund, was not so lucky. It suffered a 2% drop in March.

Source: Och-Ziff, Third Point Up in March; Greenlight Down