Och-Ziff Boosts AUM More Than 13% in 12 Months Through March May 6 2015 | 1:44pm ET Och-Ziff Capital Management increased assets under management by more than 13% year-over-year through the first quarter of 2015. The company reported $48.3 billion in assets under management as of March 31, up 1.7% for the quarter and 13.4% in the 12-month period, according to media reports. The gains come on top of the 18% asset pickup enjoyed by the company in 2014. Och-Ziff noted that asset growth during the year ended March 31 was driven by performance gains of $3.3 billion and net inflows of $3.5 billion, although distributions and other reductions shaved $1.1 billion from the total. The company’s institutional credit strategies had the highest growth rate, jumping 126.9% year-over-year to $5.9 billion, while real estate funds grew 23.5% to $2.1 billion. Multi-strategy hedge fund assets, meanwhile, grew by 4.3% year-over-year but fell 0.6% the first quarter to $33.9 billion. All told, Och-Ziff grew top line revenue by 17% in the first quarter on higher management fees and incentive income, according to the company’s earnings release. Total sales grew to $333 million while earnings were essentially flat at $25.9 million. The company, one of only a handful of publicly traded hedge fund firms, managed $48.3 billion as of March 31. It currently faces a probe into whether it and other hedge funds, banks and private equity firms broke U.S. anti-bribery laws when dealing with the Libyan Investment Authority.