Och-Ziff Assets Fell $3.6 Billion in December After Deal
- Clients pulled $6 billion in first nine months of 2016
- Och-Ziff’s assets were $45.5 billion in December 2015
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Och-Ziff Capital Management Group LLC, the hedge fund that settled a federal bribery probe in September, said assets declined by about $3.6 billion in December, even as its biggest multi-strategy fund made money in the month.
The firm managed about $33.5 billion as of Jan. 1, according to a regulatory filing Wednesday, down from $45.5 billion at the end of 2015.