(Bloomberg) -- Och-Ziff Capital Management Group, the hedge fund firm run by Daniel Och, more than doubled the money it's setting aside for an anticipated legal settlement with U.S. authorities, leading to a second quarter of losses this year.

The firm reserved $214.3 million for the probe in the second quarter, bringing the total money set aside for a settlement to $414.3 million, the company said Tuesday in a statement. Och-Ziff posted a loss of $184.3 million in distributable earnings, or 35 cents per share. That compares with a profit of $95.2 million, or 18 cents, a year earlier.

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