(Bloomberg) -- BlackRock Inc., Pacific Investment Management Co. and Sculptor Capital Management Inc. are throwing their weight behind Adler Group SA as the company seeks to buy time and shake off the impact of fraud allegations. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsApple Faces Deficit of 6 Million IPhone Pros on China TumultThere’s a Job-Market Riddle at the Heart of the Coming RecessionThe three firms, together with Schroders Plc, Silver Point Capi
In hedge fund land there are good successions (DE Shaw), there are looong successions (Bridgewater), and there are non-successions (Millennium’s Izzy Englander seems intent on outlasting everyone). Last week it took another twist when the hedge fund formerly known as Och-Ziff put itself up for sale. NEW YORK, November 18, 2022 — Sculptor Capital Management, Inc. (NYSE: SCU) (the “Company,” or “Sculptor Capital”) announced today that its Board formed a special committee, comprised solely of independent directors (the “Special Committee”), to explore potential interest from third parties in a transaction with the Company that maximizes value for shareholders.
(Bloomberg) -- Sculptor Capital Management Inc. resolved a legal dispute with founder Dan Och and other former senior executives, and formed a special committee to explore potential transactions.Most Read from BloombergMalaysia Latest: Tight Election Race Points to Hung ParliamentMalaysia Latest: Anwar Confident He Will Have a Chance to LeadFTX Owes Its 50 Biggest Unsecured Creditors More Than $3 BillionTrump Cites Twitter ‘Problems,’ Says He’ll Stick to Own PlatformWall Street’s Chorus of Buy C