Billionaire Dan Och Slammed by Hedge Fund for ‘Mismanagement’

The hedge fund firm formerly known as Och-Ziff “deteriorated” under the “mismanagement” of its founder Daniel Och, forcing those who succeeded him to spend years stabilizing the Wall Street firm, the company said in court filings.

Och’s handling of a 2016 African bribery scandal involving the firm now rebranded as Sculptor Capital Management Inc. damaged the fund’s business and balance sheet while leaving staffers reeling, lawyers said Oct. 19 as part of a legal dispute over whether Och can get access to the firm’s internal files.