Sunday, 1 March 2015
Last updated 1 day 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…