Dan Och’s $37 Billion Question: Will Investors Stand By Him?
- Och-Ziff assets have slid by almost a fifth this year
- Settlement may spur investors to mull reputations, guidelines
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Dan Och must now try to convince investors to stick with his firm.
As the hedge fund industry suffers outflows from clients frustrated with lackluster returns, Och-Ziff Capital Management Group LLC faces an added burden. It will have to get clients to stay after a five-year probe revealed widespread bribery at one of its units and singled out Och, its chief executive officer, for approving some of the offending investments over the objections of his legal team.