Hedge Fund News From HedgeCo.Net

How Trump’s Washington Helped a Hedge Fund Titan Move On From an African Bribery Scandal

(Bloomberg) The hedge fund firm founded by billionaire Daniel Och has finally put one of the industry’s biggest scandals behind it — quietly. Seizing on a business-friendly shift at the Securities and Exchange Commission during the Trump administration, Och-Ziff Capital Management Group Inc. has persuaded the regulator to lift a punitive sanction that was imposed on the firm in the wake of a multiyear investigation into bribery in Africa.

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