Och-Ziff Plea Halts Rise of Hedge-Fund Billionaire’s Protege

Updated on
  • Michael Cohen led the firm’s investments in Europe and Africa
  • Bribe investigation coincided with retirement from the fund

At the turn of the century, hedge-fund billionaire Daniel Och sent protege Michael Cohen, still in his twenties, to spearhead Och-Ziff’s expansion into Europe. Cohen’s team bet so successfully on equities and corporate deals that less than a decade later he was able to buy a 900-acre estate in the English countryside.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.