Private equity firms used to send junior staff off for an MBA. Now they’re keeping some around to help spend all the money they’ve raised.

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Adam Kahn in Bloomberg News

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This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy Dan Och still runs the show at Och-Ziff Capital Management Group. He’s the chief executive officer, the chairman of the board and very much the face of the hedge-fund powerhouse he founded more than two decades ago.