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A Citigroup analyst left a lump of coal for Och-Ziff Capital Management, the hedge fund that went public last month. The analyst, Prashant Bhatia, began covering the fund with a “hold” rating, writing in his research note that Och-Ziff might be facing headwinds for the forseeable future. For Mr. Bhatia — who acknowledges that his firm [...]
Newsvine - business - Wire
Morgan Stanley and the Chinese government said Monday that the U.S. investment bank has determined the range of prices to be used when China's international investment fund converts $5 billion worth of securities into Morgan Stanley stock.