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.

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