Och-Ziff Europe Employees Paid £59M In '10

May 10 2011 | 12:43pm ET

Och-Ziff Capital Management's London team split £59.2 million in pay last year as the hedge fund continued to bounce back from the financial crisis.

The average Och-Ziff Management Europe employee—there are 62 of them, up from 58 in 2009—took home about £30,000 more in total compensation last year than in the prior year, according to regulatory filings. Of course, the proceeds aren't actually split evenly; the highest-paid director received £5.6 million.

The London-based unit swung to a profit last year, earning £13.2 million, compared to a £3.7 million loss in the previous year, as fee revenue jumped almost £25 million to £89.4 million.

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