Och-Ziff Falls on Probe into LIA

Shares in the hedge-fund firm Och-Ziff Capital Management Group LLC (OZM) have fallen after it announced that U.S. regulators are investigating whether it broke bribery laws in accepting an investment from the Libyan sovereign wealth fund.

The US Justice Department has requested information from the company as part of its investigation into possible violations of the Foreign Corrupt Practices Act.

Regulators have been investigating how the Libyan Investment Authority (LIA) made investment decisions before the toppling of the Qaddafi regime in 2011.

(Source: Bloomberg)

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