US Probes Och-Ziff Over Foreign Wealth Fund Dealings

Law360, New York (March 19, 2014, 7:24 PM EDT) -- Och-Ziff Capital Management Group LLC disclosed Tuesday in a financial regulatory filing that U.S. authorities have targeted the hedge fund in a Foreign Corrupt Practices Act investigation over its dealings with a sovereign wealth fund. 

New York-based Och-Ziff has been receiving subpoenas from the U.S. Securities and Exchange Commission and requests for information from the U.S. Department of Justice since 2011, about investments by a foreign sovereign wealth fund in some Och-Ziff funds in 2007, the hedge fund said in an SEC filing Tuesday.

The requests...
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