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Hedge Funds Daniel Och

  • In a lawsuit filed in federal court in Brooklyn, the U.S. Securities and Exchange Commission accused Michael Cohen, who headed Och-Ziff's European office, and Vanja Baros, a former analyst, of violating the Foreign Corrupt Practices Act. In its lawsuit, the SEC said Cohen, 45, and Baros, 44, from 2007 to 2012 caused bribes to be paid to officials in Libya, Chad, Niger,...

  • Samuel Mebiame, a son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S. His plea came after Och-Ziff and its chief executive, Daniel Och, agreed in September to pay $412 million and $2.17 million, respectively, to resolve U.S. probes into the hedge fund's role in bribing officials in...

  • Samuel Mebiame, the 43- year-old son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S. His plea came after Och-Ziff and CEO Daniel Och in September agreed to pay $412 million and $2.17 million, respectively, to resolve U.S. probes into the hedge fund's role in bribing officials in...

  • Oct 17- Bets on expensive but poorly performing hedge funds have cost pensioners in New York $3.8 billion in the last eight years, according to a report published by the state's financial regulator on Monday. "Hedge fund managers continue to reap hundreds of millions of dollars in fees, regardless of their performance, which is a rip-off at the expense of...

  • Dan Och

    Och-Ziff Capital Management will pay $412 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries.

  • Sept 29- Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries, U.S. authorities said on Thursday. In the first U.S. foreign bribery case against a hedge fund, Och-Ziff subsidiary OZ Africa Management GP LLC pleaded...

  • NEW YORK, Sept 28- Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. A spokesman for the Justice Department declined comment while SEC representatives did not immediately respond...

  • NEW YORK, Sept 28- Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. A spokesman for the Justice Department declined comment while SEC representatives did not immediately respond...

  • Gavel and judge, making a decision

    A federal judge certified a class-action lawsuit against Och-Ziff Capital related to a bribery probe, only to throw it out six hours later.

  • District Judge Paul Oetken in Manhattan came in a lawsuit in which Och-Ziff shareholders accused the largest publicly traded U.S. hedge fund company of misleading them about U.S. Department of Justice and U.S. Securities and Exchange Commission probes into its investments in Africa. Shareholders from February 2012 to August 2014 claimed that Och-Ziff...

  • District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February 2012 to August 2014 can sue as a group over allegations that the company misled them about U.S. Department of Justice and U.S. Securities and Exchange Commission probes into its investments in Africa. Shareholders claimed that Och-Ziff artificially inflated its share price...

  • NEW YORK, Sept 14- Lawyers for Och-Ziff Capital Management Group LLC said a federal judge ignored his own deadline by certifying a class-action lawsuit tied to a bribery probe on Wednesday without giving the largest publicly traded U.S. hedge fund company a chance to object. District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February...

  • Inside the 2016 Robin Hood Gala

    Wall Street's top dogs partied the night away at the 2016 Robin Hood benefit Monday night in New York City, and raised money for a worthy cause.

  • Kenneth Griffin

    The biggest hedge fund managers have more money and more sway than ever before, and they are wielding greater political influence.

  • Ray Dalio, Bridgewater Associates

    Critics love to hate hedge fund fees and performance, but the industry is poised to grow even more in 2015.

  • (left to right) Jacques (Jack) Brand, CEO, Deutsche Bank North America, and the Gustave L. Levy Award recipient; John Paulson, president, Paulson & Co. Inc.; Brett H. Barth, managing partner, BBR Partners, LLC, and the Alan C. Greenberg Young Leadership Award recipient; and Robert S. Kapito, president, BlackRock, and chair, UJA-Federation of New York’s Wall Street & Financial Services Division.

    The New York financial community raised more than $26 million for Jewish causes in one of the single largest charity events of the year.

  • Nov 2- Och-Ziff Capital Management, one of only a handful of publicly traded hedge fund firms, on Friday reported quarterly earnings that beat Wall Street's forecasts, fueled by higher performance fees and lower taxes.