Och-Ziff’s Shares Stumble Toward NYSE Delisting Territory at $1(Bloomberg)
BillionaireDan Och’s hedge fund is pennies away from raising a red flag at the New York Stock Exchange. Shares of hisOch-Ziff Capital Management Group LLC— one of the few publicly traded hedge-fund firms — have plummeted 97 percent since the firm went public, to a record low of $1.01 as of Monday. That’s just one cent away from a key threshold for the exchange.
BillionaireDan Och’s hedge fund is pennies away from raising a red flag at the New York Stock Exchange. Shares of hisOch-Ziff Capital Management Group LLC— one of the few publicly traded hedge-fund firms — have plummeted 97 percent since the firm went public, to a record low of $1.01 as of Monday. That’s just one cent away from a key threshold for the exchange.