{"id":53751,"date":"2016-08-03T08:02:43","date_gmt":"2016-08-03T12:02:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53751"},"modified":"2016-08-03T08:02:43","modified_gmt":"2016-08-03T12:02:43","slug":"och-ziff-posts-quarterly-loss-sets-aside-214-million-for-probe","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2016\/och-ziff-posts-quarterly-loss-sets-aside-214-million-for-probe.html","title":{"rendered":"Och-Ziff Posts Quarterly Loss, Sets Aside $214 Million for Probe"},"content":{"rendered":"<p>(Reuters) Och-Ziff Capital Management Group (OZM.N) 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.<\/p>\n<p>Chief Financial Officer Joel Frank said the company hoped to end the matter in the near future. Shares of Och-Ziff were up 6 percent at $3.55 in premarket trading.<\/p>\n<p>This marks the second straight quarter that Och-Ziff reserved money to settle charges that it paid African officials in return for investments in its alternative asset funds, raising the total to $414.3 million. The accruals suggest the settlement may be around $400 million.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-och-ziff-capital-results-idUSKCN10D15M\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Och-Ziff Capital Management Group (OZM.N) 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53751","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53751"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53751\/revisions"}],"predecessor-version":[{"id":53752,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53751\/revisions\/53752"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}