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Tuesday, March 22, 2011

Ex-Morgan Stanley’s Zain Fancy Sues Och-Ziff Singapore Over Firing, Wages

Bloomberg, 22 Mar 2011Zain Fancy, who joined Och-Ziff Capital Management Group LLC (OZM) from Morgan Stanley in 2008, sued two units of the New York-based hedge fund manager in Singapore, claiming they withheld $7.9 million in pay and stock that he was owed.Och-Ziff Real Estate Singapore Pte, a venture in which Fancy was the founding partner and executive managing director, had no basis for