Sculptor Capital Management's Q3 Redemptions and Bidding War

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.