Och-Ziff’s London Employees Enjoy Big Payday

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.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note