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Former Och-Ziff Managers Said to Plan Own Asia Hedge Fund

Manoj Jain and Sohit Khurana, two former managing directors at Och-Ziff Capital Management Group LLC run by Daniel Och, plan to start their own Asia hedge fund later this year, said four people with knowledge of the matter.

Maso Capital, their Hong Kong-based company, plans to raise $250 million for the event-driven and convertible-bond-arbitrage fund, said two of the people, who asked not to be identified as the information is private. Jain and Khurana declined to comment.