Och-Ziff posts quarterly loss, sets aside $214 million for probe

August 2, 2016 11:56 AM

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BOSTON 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.

The company posted a distributable loss of $184.3 million, or 35 cents per share, compared with year-earlier earnings of $95.2 million, or 18 cents a share. Without the reserve accrual, distributable earnings would have been 6 cents a share, just missing the analysts' average estimate of 7 cents, ac...

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