Och Ziff Capital Management Group, the US hedge fund that is preparing to list on the New York Stock Exchange next month, reported net inflows of $1.2bn (€845m) into its funds in the third quarter, although the value of its assets had their first quarterly decline in at least four years.

The new fund flows, which came despite August's turmoil, were the third best quarterly flows in three years, however the value of the group's assets declined $147m thanks to market movements, according to a filing with the US Securities and Exchange Commission.