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Och-Ziff Falls After Disclosing Sovereign-Related Probe

Och-Ziff Capital Management Group LLC, the hedge-fund firm run by Daniel Och, fell after saying U.S. regulators are investigating whether it broke bribery laws in accepting an investment from a sovereign wealth fund.

Och-Ziff received subpoenas starting in 2011 from the U.S. Securities and Exchange Commission as part of a probe into possible violations of the Foreign Corrupt Practices Act, the New York-based company said in a regulatory filing yesterday. The Justice Department has requested information from Och-Ziff as part of the same investigation, according to the filing. Its shares fell the most in more than a month.