Inside a hedge fund disaster
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
In 2007, when Dan Och took his hedge fund public, he was making a bet that his company would stand the test of time. More than 15 years, a bribery scandal, and a feud with his protégé later, things have not worked out as planned. The FT’s Ortenca Aliaj and Sujeet Indap go inside the saga that lost shareholders more than $10bn.
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For further reading:
Sculptor Capital: grey areas cause grey hairs in messy bidding war
Fight over Sculptor hedge fund sale entwined in Daniel Och’s tax affairs
Sale of Sculptor Capital on cusp of approval after hedge fund brawl
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On X, follow Ortenca Aliaj (@OrtencaAl), Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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