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Och’s Africa Role Poses Ethics Questions To Investors

by bloomberg.com posted 2years ago 2281 views
As the hedge fund industry suffers outflows from clients frustrated with lackluster returns, Och-Ziff Capital Management Group LLC faces an added burden. It will have to get clients to stay after a five-year probe revealed widespread bribery at one of its units and singled out Och, its chief executive officer, for approving some of the offending investments over the objections of his legal team.

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