WSJ – Och-Ziff, in a strategy developed by a 30-year-old trader, racked up gains of almost $2 billion through bets in exotic debt markets. It was likely one of the most successful trades of 2012.
A 30-year-old hedge-fund trader last year racked up gains of almost $2 billion through bets in exotic debt markets. Now some wonder if the new star’s strategy is still a winner. James Levin, of Och-Ziff Capital Management LLC, made a wager in 2012 of more than $7.5 billion on “structured credit” debt investments
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