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Bribe-y Hedge Fund’s Reputation For Bribery, Being A Hedge Fund Precedes It

The people of New Hampshire wish to ski free and have Och-Ziff die.
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Josephbrophy [Public domain], via Wikimedia Commons

Josephbrophy [Public domain], via Wikimedia Commons

You know your reputation is in the toilet when word of your misdeeds has reached the high mountain passes of New Hampshire, where you hope to take over running a mountain. Alas, even the insular, curmudgeonly people of the Granite State have Google, and when they Googled “Och-Ziff Capital Management” and “hedge fund,” they did not like what they saw.

‘‘We appeal to elected state officials to begin a complete and transparent review of this lease acquisition and all documents related to it so that the people of New Hampshire, who are the rightful owners of the Mount Sunapee State Park, can (be) rest assured that our state park is in the hands worthy of the public’s trust,’’ Steve Russell, the president of the Friends of Mount Sunapee, told the meeting….

Joan Schwartz, a Sutton resident who has skied frequently at the resort, said residents were not only uncomfortable with the bribery allegations but with the fact the company was a hedge fund which has an ‘‘obvious interest for making money.’’

‘‘The concern is that once it becomes an asset of the hedge fund, it puts the property at risk,’’ she added.

New ski resort operator in New Hampshire raising concern [AP via]



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