The Wall Street saga that lost shareholders more than $10bn
Shareholder vote on $720mn buyout includes special payouts to founder Daniel Och
Founder backs Rithm Capital buyout plan valuing company at $720mn
Founder-led partnerships are ill suited for public market governance
Firm founded by Daniel Och has rejected interest from Boaz Weinstein-led group of rival bidders
The value of the former Och-Ziff Capital Management has plunged 96% since its 2007 IPO
Saba Capital founder is working with Pershing Square’s Bill Ackman and Marc Lasry of Avenue Capital Group
Billionaire’s objections to buyout confront cold reality that public markets are almost always efficient
One man’s quest to surpass the plot twists of Billions
Billionaire founder says deal value of $639mn ‘penalises all shareholders’
Sale ends lengthy dispute between billionaire founder Daniel Och and his former protégé
No returns, please
A deteriorating macroeconomic backdrop has drawn out a historic number of first-time activists
Plus, bankers and lawyers search for a way around Biden’s new buyback tax and controversial financier Lars Windhorst tells DD he’s good for the money
Founder says ex-protégé received $145.8mn last year despite ‘less than mediocre performance’
Hedge fund’s executives forgo dividends and transfer equity to help pay down debt
Hedge fund names former Credit Suisse banker Robert Shafir to replace founder
Hedge fund suffers $130.8m loss for 2016 as investors pull out billions of dollars
Hedge fund’s subsidiary pleads guilty to violating anti-corruption laws
International Edition