Why did Och-Ziff change its name?
The new name was chosen because it “evokes the dedication, persistence, and vision that embody what we strive for daily as stewards of your capital,” according to the letter. The firm is looking to repair its image, which has been harmed by a multiyear bribery scandal involving one of its former executives.
When was Och Ziff founded?
1994
Sculptor Capital Management/Founded
Dan Och founded Och-Ziff Capital Management, now a publicly traded hedge fund firm, in 1994. Och stepped down as chairman in 2019 after years of client withdrawals and no longer has a role with the hedge fund.
Who manages the open foundation company?
George Soros
Open Society Foundations
| Founded | April 1993 |
|---|---|
| Founder | George Soros |
| Location | 224 West 57th Street, Manhattan, New York City |
| Key people | George Soros, Chair Mark Malloch-Brown, President Alexander Soros, Global Board Deputy Chair |
| Endowment | $19,590,570,302 |
When did Och Ziff Capital Management change its name?
NEW YORK, Sept. 12, 2019 (GLOBE NEWSWIRE) — Och-Ziff Capital Management Group Inc. today announced that it changed its name to Sculptor Capital Management, Inc. (the “Company” or “Sculptor Capital”).
What did Och Ziff pay to the SEC?
The Securities and Exchange Commission today announced that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA).
What was the penalty for Och ziff hedge fund?
Och-Ziff is expected to pay a criminal penalty of $213 million. The SEC’s investigation is continuing. It is being conducted by Neil Smith and Paul Block of the FCPA Unit and Rory Alex, Marc Jones, and Martin Healey of the Boston Regional Office.
Who are the sons of William Bernard Ziff?
William Bernard Ziff Jr. ‘s sons Dirk Edward Ziff, Robert D. Ziff, and Daniel Ziff manage the family’s investments through Ziff Brothers Investments. Prior to founding the firm, Och was Head of Proprietary Trading in the Equities division at Goldman Sachs.