Och-Ziff Shares Stumble Toward NYSE Delist Territory at $1
- The hedge fund’s shares dipped to a low of $1.01 on Nov. 26
- Firm needs board approval to execute a reserve stock split
Photographer: Adrian Moser/Bloomberg
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Billionaire Dan Och’s hedge fund is pennies away from raising a red flag at the New York Stock Exchange.
Shares of his Och-Ziff Capital Management Group LLC -- one of the few publicly traded hedge-fund firms -- have plummeted 97 percent since the firm went public, to a record low of $1.01 as of Monday. That’s just one cent away from a key threshold for the exchange.