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Sculptor Capital Management's Q3 Redemptions and Bidding War
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Legal Battles: Lawsuits, Waiver of Indic...
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Sculptor Capital Management experienced net redemptions of $667 million in Q3, while its multistrategy master fund gained 11.7% year-to-date. The firm's founder, Dan Och, faces a battle over a proposed Rithm Capital Corp. deal, with dissenting investors accusing him of receiving special perks. Rithm has sweetened its offer to acquire Sculptor, ending a bidding war and gaining support from Sculptor's founder. Weinstein and his group have raised their bid for Sculptor, prompting a shareholder vote scheduled for November 16.
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How might the accusations against Sculptor's founder, Dan Och, affect his reputation and the perception of the hedge fund industry?
How might the battle between Sculptor and Rithm impact the hedge fund industry as a whole?
What implications could the outcome of the shareholder vote have for Sculptor Capital Management and its future?
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