Saturday, 25 October 2014
Last updated 1 day ago
Aug 19 2010 | 2:21pm ET
Och-Ziff Capital Management said yesterday that a regulatory probe into its alleged role in Lehman Brother’s collapse went “nowhere,” and that the Lehman estate should look internally for the source of a rumor that may have contributed to its demise.
The Securities and Exchange Commission probe went “nowhere because there is nothing,” Kenneth Bressler, a lawyer for the New York hedge fund, said. Och-Ziff is fighting a subpoena from Lehman seeking e-mails that it claims show a rumor circulating that Lehman had improperly spun-off debt to a hedge fund, R3 Capital Management, founded by a former Lehman executive. Lehman said it is not sure whether Och-Ziff helped start or spread the rumor, or whether it was merely a recipient.
In response, Och-Ziff points the finger at a n unidentified Lehman managing director as the source of the rumors.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.