Pursuits
Goldman Employees to Pull $350 Million From Och-Ziff Fund
- Bank to liquidate multi-strategy fund in its retirement plan
- Setback for Och as clients pull assets, U.S. probe continues
Goldman Said to Pull Retirement Cash From Och-Ziff Fund
This article is for subscribers only.
Goldman Sachs Group Inc.’s retirement plan is pulling cash from one of the investment bank’s most famous alumni, liquidating a hedge fund run by Daniel Och’s Och-Ziff Capital Management Group. Och-Ziff shares fell.
Almost all of the multi-strategy fund that Och-Ziff manages for Goldman employees will liquidate by Sept. 1, according to an investor letter obtained by Bloomberg. The fund holds about $350 million, a person familiar with the matter said.