{"id":7625,"date":"2008-04-30T00:00:00","date_gmt":"2008-04-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"och-ziff-founder-earns-4848m-after-flotation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2008\/och-ziff-founder-earns-4848m-after-flotation.html","title":{"rendered":"Och-Ziff founder earns $484.8m after flotation"},"content":{"rendered":"<p class=\"story\">The Telegraph &#8211; Hedge fund manager Daniel Och took home $484.8m (&pound;242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group.<\/p>\n<p class=\"story\">The amount earned highlights the continued success of Mr Och, a former Goldman Sachs trader who founded Och-Ziff 14 years ago with the financial backing of the Ziff Brothers.<\/p>\n<p class=\"story\">Och-Ziff floated on the New York Stock Exchange in November, at which point its directors agreed to leave their money in the firm&#8217;s various funds for five years.<\/p>\n<p class=\"story\">However, according to SEC filings, at that point, the hedge fund management company borrowed $750m to distribute to its directors, including a $349.7m payment to Mr Och as part of the loan distribution.<\/p>\n<p class=\"story\">He also earned $30.6m in management fees and $104.4m in a second payout tied to his $1bn equity stake in the firm.<\/p>\n<p class=\"story\"><a href=\"http:\/\/www.telegraph.co.uk\/money\/main.jhtml?view=DETAILS&#038;grid=&#038;xml=\/money\/2008\/04\/30\/cnziff130.xml\" target=\"_self\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Telegraph &#8211; Hedge fund manager Daniel Och took home $484.8m (&pound;242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group. The amount earned highlights the continued success of Mr Och, a former Goldman [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7625","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7625"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7625\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}