Och-Ziff Chief’s Pay Cut In ‘09

Apr 22 2010 | 12:03pm ET

Och-Ziff Capital Management had a pretty good year in 2009, with its funds posting double-digit returns and erasing 2008’s losses. But its founder and CEO had to settle for a pay cut anyway.

Daniel OchDaniel OchDaniel Och received $9.5 million in total compensation last year, the New York-based firm said in a Securities and Exchange Commission filing. That’s down about $200,000 from 2008, when Och was paid $9.7 million despite his flagship fund’s 15.9% dive.

Last year, when the same OZ Master Fund posted a 23% return, Och received $9.4 million in stock awards and $53,668 in other compensation.

Of course, both of those figures pale in comparison to Och’s 2007 payday. According to the SEC filing, Och got $5.7 billion in total compensation that year, thanks to the firm’s initial public offering.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.