Wednesday, 28 January 2015
Last updated 1 hour ago
Oct 20 2010 | 1:09pm ET
A British court has ruled that a similarly-named hedge fund has violated Och-Ziff Capital Management’s copyright.
OCH Capital and founder Thomas Ochocki should have “appreciated that there was at least a risk of confusion,” Judge Richard Arnold in London ruled. “OCH is strongly distinctive for financial services. There is a manifest likelihood of confusion on the part of both types of consumer.”
Arnold said he would assess damages at a later hearing.
Ochocki’s lawyers insisted that the firm never intended to profit from Och-Ziff’s renown, and that the name stems from the fact that co-workers have long call Ochocki “Och.” They also said that the name was intended to be pronounced as its initials, “O-C-H.”
Ochocki said he offered to change the fund’s name to O.C.H. Capital to assuage Och-Ziff, but Och-Ziff noted it never took that step.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…