Here’s Why Shares of this Publicly Traded Hedge Fund Are Soaring

(Fortune) Och-Ziff Capital Management on Tuesday reported a second-quarter loss after the largest publicly traded U.S. hedge fund company set aside $214.3 million to eventually settle bribery charges with the U.S. government. Chief Financial Officer Joel Frank said the company hoped to end the matter in the near future. Shares of Och-Ziff were up 6% at $3.55 in pre-market trading….

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