Tuesday, 30 September 2014
Last updated 5 hours ago
Oct 5 2010 | 6:27pm ET
Och-Ziff Capital Management and a similarly-named London hedge fund are battling in court over what's in a name.
Och-Ziff's London unit, Och-Ziff Management Europe, has sued Och Capital. The firm has asked a London court to issue an injunction against the other Och. It is also seeking damages for trademark infringement at a trial that began today, Bloomberg News reports.
Och Capital was founded by Thomas Ochocki last year. Ochocki's lawyers say their client was known as "Och" at his previous job because his name is difficult to pronounce, and told the court that Och Capital is intended to be pronounced "O-C-H" Capital.
"Our client said they were willing to change to O.C.H." late last year, the lawyer, Alistair Wilson, told the court. "That was rejected." Wilson added that there was "no intention to cause any confusion at all," and he apologized for Och's previous failure to comply with court orders.
Och-Ziff countered that Och's cooperation "has been totally unsatisfactory and inexcusable."
The trial is scheduled to wrap up tomorrow.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...