Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Och-Ziff Capital gains momentum and assets

|Includes: Och-Ziff Capital Management Group LLC (OZM)

Och-Ziff Capital Management (NYSE:OZM), global asset manager of multi-strategy hedge funds and managed accounts, reported its first quarter results for 2011 this week. Daniel S. Och, the Chairman and Chief Executive Officer of Och-Ziff said, “the value of our investment process was again readily apparent during the first quarter and in April. We continued to generate positive, risk-adjusted returns, with low volatility and low correlation to the equity markets, while also protecting investor capital. Our performance demonstrates the flexibility that our multi-strategy approach and international capabilities provide, enabling us to quickly respond to changes in the economic environment and capitalize on investment opportunities globally.”

Assets under Management

Och-Ziff Capital announced that assets under management reached $29.4 billion as of May 1, 2011, representing $400 million in net capital inflows and $1.1 billion in appreciation related to performance. From a year-over-year perspective, Och-Ziff’s assets were $29.0 billion as of March 31, 2011 compared to $24.8 billion as of March 31, 2010.

  3/31/11 3/31/10  
Assets Assets %
Fund Name ($B) ($B) Change
OZ Master Fund 20.1 18.1 11%
OZ Europe Master Fund 2.9 3.0 -2%
OZ Asia Master Fund 1.6 1.3 23%
OZ Global Special Investments Master Fund 1.2 1.2 -1%
Other 3.2 1.2 151%

Investment Performance

According to the press release, “performance-related appreciation was principally driven by credit-related strategies and long/short equity special situations globally.”

Fund Name Q1 2011
OZ Master Fund 3.36%
OZ Europe Master Fund 3.57%
OZ Asia Master Fund 1.45%
OZ Global Special Investments Master Fund 4.62%


Och-Ziff reported a GAAP Net Loss of $95.5 million for the first quarter of 2011. The GAAP Net Loss “primarily resulted from non-cash reorganization expenses of $405.9 million.” Och-Ziff’s Distributable Earnings for the quarter were $65.2 million, which represented a 33% increase compared to the first quarter of 2010.

For more information about other top New York hedge funds, please visit Hedgetracker.com's list of top New York Hedge Funds

Assets under Management