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Och-Ziff Reports an Upbeat August, but Outflows Continue

You have to do the math to see the erosion. But the publicly traded hedge fund firm continues to suffer from a looming federal bribery probe.

       Daniel Och, Och-Ziff Capital Management (Bloomberg) Redemptions continue to plague Och-Ziff Capital Management Group. On Friday the New York multistrategy specialist headed by Daniel Och disclosed in a regulatory filing that investors yanked out another $500 million or so from the firm’s hedge funds in August. The firm did not explicitly reveal this

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