Wednesday, 29 July 2015
Last updated 12 hours ago
Jun 14 2010 | 11:46am ET
A good year for Och-Ziff Capital Management’s hedge fund meant a great year for the firm’s London-based employees.
The 58 people working at Och-Ziff Management Europe saw their average pay almost double last year, according to regulatory filings. On average, Och-Ziff paid the Londoners £830,000 apiece, with an addition £90,000 spent per head on pension costs and other benefits. All told, the firm paid out £53.5 million in total compensation in 2009.
In 2008, Och-Ziff Europe’s 64 employees took home a total of £34 million in compensation and benefits.
Och-Ziff’s hedge fund enjoyed double-digit returns in 2009.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…