Och-Ziff Falls on Report Saying Firm Financed Africa Deal
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Och-Ziff Capital Management Group LLC fell the most in more than five years after the Wall Street Journal reported that the hedge-fund firm run by Daniel Och helped finance controversial oil and mining deals in Africa.
Och-Ziff made two loans with a total value of $234 million to companies controlled by Israeli billionaire Dan Gertler, the newspaper said, citing documents. The loans were routed through offshore companies, the paper said.