Behind the Money

Best Of: Inside a hedge fund disaster

This week, we’re revisiting an episode from last November, about a Wall Street saga that lost shareholders more than $10bn. 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, the FT’s Ortenca Aliaj and Sujeet Indap explain how things did not work out as planned. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/b5326430-18c0-43a4-9fda-5ccc30707de1" rel="noopener noreferrer" target="_blank">Sculptor Capital: grey areas cause grey hairs in messy bidding war</a><a href="https://www.ft.com/content/22403409-9725-4839-9a9d-faeaf95aa496" rel="noopener noreferrer" target="_blank">Fight over Sculptor hedge fund sale entwined in Daniel Och’s tax affairs</a><a href="https://www.ft.com/content/be169495-ae2d-44b4-a808-5c030347e177" rel="noopener noreferrer" target="_blank">Sale of Sculptor Capital on cusp of approval after hedge fund brawl</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Ortenca Aliaj (<a href="https://twitter.com/OrtencaAl" rel="noopener noreferrer" target="_blank">@OrtencaAl</a>), Sujeet Indap (<a href="https://twitter.com/sindap" rel="noopener noreferrer" target="_blank">@sindap</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more.  <a href="https://www.ft.com/content/d6d62348-068f-4490-a827-1192ce16cd22" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.