The Telegraph – Hedge fund manager Daniel Och took home $484.8m (£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 Sachs trader who founded Och-Ziff 14 years ago with the financial backing of the Ziff Brothers.
Och-Ziff floated on the New York Stock Exchange in November, at which point its directors agreed to leave their money in the firm’s various funds for five years.
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.
He also earned $30.6m in management fees and $104.4m in a second payout tied to his $1bn equity stake in the firm.
